Aquafil (ECNL) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was €399.2m, down 0.7% YoY; EBITDA rose 5.6% to €58.0m and net profit increased to €3.3m from €0.4m.

• Net debt declined to €201.8m from €227.1m YoY and €209.5m at Dec. 31, 2025; FY 2026 guidance was reaffirmed.

Financial highlights

• Q3 revenue rose 7.4% YoY to €129.8m; Q3 EBITDA increased 5.5% to €17.5m from €16.6m.

• 9M EBIT increased to €17.9m from €7.0m; 9M net profit was €3.3m versus €0.4m.

• Net financial charges rose to €13.4m from €6.7m, chiefly reflecting a €3.4m exchange loss versus a €3.8m gain in 9M 2025.

Outlook and guidance

• FY 2026 EBITDA guidance was reaffirmed at €79m–€83m; 9M operating performance was described as aligned with annual targets, with Q4 results expected above Q4 2025.

• Price-list adjustments recovered higher procurement and logistics costs in Q3; the full effect is expected in the final part of 2026.

• Further cost rationalization of €10m–€12m is targeted across 2026–27, with benefits affecting 2027 and 2028; energy-efficiency benefits are expected from H2 2027.

• Working-capital management, net-debt reduction and disciplined capex focused on industrial efficiency remain priorities; management expects solid, recurrent cash generation.