Cembre (CMB) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 15.4% YoY to €207.6m; operating profit increased 24.9% to €56.1m and net profit rose 27.4% to €41.0m.

• Growth was broad-based, led by non-European markets; 2026 guidance calls for revenue growth and a positive economic result despite uncertainty.

Financial highlights

• 9M total revenues and income increased 14.3% YoY to €208.5m; Q3 total revenues and income rose 16.3% to €66.8m.

• 9M revenue was €207.6m; Q3 revenue reached €66.5m, up 19.6% YoY.

• 9M EBITDA was €68.1m, up 22.9%; EBIT was €56.1m, up 24.9%. Q3 EBITDA rose 23.0% to €20.9m and EBIT rose 23.5% to €16.5m.

• 9M profit before tax rose 25.4% to €55.7m and net profit rose 27.4% to €41.0m; Q3 net profit increased 28.1% to €12.2m.

Outlook and guidance

• Despite geopolitical tensions and difficulty forecasting the economic environment, 2026 consolidated revenue is expected to grow and the consolidated economic result to be positive.

• Cumulative sales through October 2026 increased 15.6% YoY, extending the 9M growth trend.