Aquafil (ECNL) Q1 2025 earnings summary

Executive summary

• Profitability improved year-over-year in Q1 2025, with EBITDA up 12.5% to €17.1 million and margin rising to 11.9%, despite a 2.4% revenue decline to €144.0 million.

• Net profit reached €0.4 million, reversing a €3.1 million loss in Q1 2024.

• ECONYL® and regenerated products accounted for 60.5% of fiber revenues, surpassing the annual target ahead of schedule.

• US market recovery and strong performance in engineering plastics and sustainable products drove results.

• Utilities and energy costs were higher than expected, partially offsetting gains.

Financial highlights

• Revenues for Q1 2025 were €144.0 million, down 2.4% year-over-year due to a 2.0% decline in sales volumes.

• EBITDA rose 12.5% to €17.1 million, with margin improving to 11.9% from 10.3%.

• EBIT increased to €2.9 million from €0.8 million, a 241.2% rise.

• Net financial position (NFP) worsened to €221.6 million debt at March 31, 2025.

• CapEx in Q1 was €4 million, with annual investments likely delayed due to market uncertainty.

Outlook and guidance

• Order intake suggests continued positive trends in fibers for carpets and polymers, but textile yarn remains weak.

• No direct impact from tariffs or duties, but indirect effects are being monitored.

• Business plan targets for 2025 and 2026 remain confirmed, with long-term value creation expected.

• CapEx guidance remains, but timing may shift due to custom equipment delivery and market conditions.