Zignago Vetro (ZV) investor relations material

Company structure and business overview

• Majority-owned by Zignago Holding S.p.A. (Marzotto Family) with a 64% stake; 36% free float on the Italian Stock Exchange.

• Operates through multiple subsidiaries in Italy, France, Poland, and the USA, with consolidated 2025 revenues of €596 million.

• Focuses on food & beverage, cosmetics & perfumery, luxury perfumery, and specialty containers, with strong international presence.

• Key competitive advantages include flexibility, efficiency, technical know-how, and high product personalization.

• Serves major global brands across multiple sectors, maintaining high customer loyalty and diversified client base.

Financial performance

• 2025 revenues reached €596 million, with EBITDA at €162.2 million and net result at €66.9 million.

• EBITDA margin stood at 27.2%, and net margin at 11.2% for 2025.

• 1H 2026 revenues were €308 million, with EBITDA of €51.3 million and net result of €8.8 million.

• Net financial debt/EBITDA ratio was 2.1x at 1H 2026, with net equity at €318 million.

• Consistent dividend payout, with 2025 DPS at €0.60 and payout ratio of 70%.

Business unit performance

• Zignago Vetro BU 2025 revenues: €331.6 million (+2.1%), EBITDA: €62.1 million.

• Zignago Vetro France 2025 revenues: €51.0 million (-20.2%), EBITDA: €6.7 million.

• Vetri Speciali (50%) 2025 revenues: €144.5 million (-3.9%), EBITDA: €39.8 million.

• Zignago Vetro Polska 2025 revenues: €86.6 million (+2.9%), EBITDA: €23.4 million.

• 1H 2026 saw stable or slightly growing revenues and EBITDA across most business units.