Comer Industries (COM) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached €979.9m, up 48.2% YoY; like-for-like growth was 14.9% (15.6% at constant exchange rates).

• EBITDA was €144.9m, with a 14.8% reported margin; net financial debt was €96.3m and leverage was 0.5x.

Financial highlights

• Revenue increased from €661.1m to €979.9m YoY; Comtesco contributed €220.6m following consolidation from Jan. 1, 2026.

• EBITDA rose 35.9% YoY to €144.9m from €106.6m; reported EBITDA margin was 14.8% versus 16.1%.

• Like-for-like operating margin improved to 16.8% from 16.1%, supported by sales-volume leverage, process efficiencies and operating-cost discipline.

Outlook and guidance

• FY 2026 forecasts reaffirmed despite a complex macro environment; support includes market-share gains, new-project ramp-up and acquisition synergies.

• FY profitability is expected to be in line with 2025 on a like-for-like basis; gradual improvement in net financial position is expected, excluding extraordinary transactions.