Semperit (SEM) investor relations material

Executive summary

• Q1 2026 showed strong operational recovery, with momentum from H2 2025 and both divisions contributing to performance.

• Revenue grew 7.9% year-on-year to EUR 163.7 million, EBITDA more than doubled to EUR 26.8 million, margin at 16.4%.

• Results supported by strict pricing, cost discipline, innovation, and digital transformation initiatives.

• Divisional earnings profile became more balanced, with SEA contributing 37% to group EBITDA, up from 26% in Q1 2025.

• Earnings after tax improved to EUR 8.9 million from a loss of EUR -7.2 million in Q1 2025.

Financial highlights

• Revenue increased to EUR 163.7 million (up 7.9% year-on-year); EBITDA rose to EUR 26.8 million, margin up to 16.4%.

• EBIT improved to EUR 14.4 million from EUR -1.3 million; earnings after tax reached EUR 8.9 million.

• Free cash flow increased 50.6% to EUR 13.1 million; disciplined CapEx at EUR 7.7 million.

• Net financial debt reduced to EUR 81.9 million, leverage ratio at 0.9x; liquidity strong with EUR 101.8 million in cash.

• Equity ratio stable at 48.2%.

Outlook and guidance

• Full-year 2026 guidance confirmed: high single-digit revenue growth and operating EBITDA around EUR 95 million (before EUR 5 million project costs).

• Expectation of continued operational discipline, margin stability, and focus on innovation and cost control.

• Demand for cyclical hydraulic hoses remains subdued; medical and mining segments show robust performance.

• Elevated uncertainty due to raw material price shocks and geopolitical risks, but confident in ability to pass on cost increases.

• Mid-term growth drivers include German infrastructure, EU defense spending, and Ukraine reconstruction.