Consti (CONSTI) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 0.4% YoY to EUR 91.2m; EBIT was EUR 2.9m, with a 3.2% margin, as the prolonged construction downturn and tendering costs weighed on profitability.

• 9M net sales declined 3.7% to EUR 232.3m and EBIT fell 9.1% to EUR 5.0m; order intake rose 33.7% to EUR 276.1m.

Financial highlights

• Q3 EBITDA was EUR 3.8m vs. EUR 4.0m; profit was EUR 2.2m vs. EUR 2.4m, and undiluted EPS was EUR 0.27 vs. EUR 0.30.

• 9M EBITDA was EUR 7.7m vs. EUR 8.1m; profit was EUR 3.6m vs. EUR 3.9m, and undiluted EPS was EUR 0.45 vs. EUR 0.49.

• Free cash flow was EUR 1.8m in Q3 vs. EUR 3.4m and EUR 2.3m in 9M vs. EUR 5.9m; 9M working-capital cash flow was EUR -3.6m vs. EUR -0.8m.

Outlook and guidance

• FY2026 operating result guidance remained EUR 8–11m; FY2025 operating result was EUR 9.4m, and no significant demand improvement was expected in 2026.

• Backlog revenue recognition was estimated at EUR 77m for the remainder of 2026, EUR 117m in 2027 and EUR 85m later.