Ringmetall (HP3A) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 7.2% to €156.7m and EBITDA increased 15.7% to €21.7m, led by Liner Division growth.

• Organic growth contributed €5.8m of revenue and €1.4m of EBITDA; acquisitions contributed €6.8m and €1.5m, respectively.

• FY 2026 guidance was reaffirmed.

Financial highlights

• Q3 revenue exceeded €55m and EBITDA reached €8.4m.

• Gross profit increased 8.1% to €84.8m; EBIT rose 13.5% to €12.3m.

• Total output grew 7.0% to €156.9m; gross margin improved to 54.0% from 53.5% on total output.

Outlook and guidance

• FY 2026 guidance remains revenue of €195m–€210m and EBITDA of €23m–€28m, excluding Rapak and any further 2026 acquisitions.

• Guidance assumes unchanged raw material prices; management expects the upper half of the EBITDA range but not above €28m.

• Q4 is expected to be slightly better than the prior year, with less momentum than Q3; September was particularly strong.

• Rapak remains excluded pending completion and approval of purchase price allocation; an update may follow.