Sogefi (SGF) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was €732.8m, up 1.2% reported and 0.7% at constant FX; adjusted EBITDA rose to €111.8m from €103.3m.

• Adjusted EBIT increased to €51.6m from €49.8m; operating-activities net income was €27.9m versus €28.3m, while net income was €33.6m including Precision Springs discontinued operations and disposal gain.

• Operating free cash flow before IFRS 16 was €18.5m; net financial position excluding IFRS 16 turned to €18.3m net cash, supported by Precision Springs proceeds.

Financial highlights

• 9M reported EBITDA was €107.0m versus €99.8m; EBIT was €46.8m versus €46.3m.

• 9M adjusted EBITDA was €111.8m versus €103.3m, and adjusted EBIT was €51.6m versus €49.8m; non-recurring items were -€4.8m versus -€3.5m.

• Q3 revenue rose 4.8% reported to €240.3m and 1.2% at constant FX; adjusted EBITDA was €38.0m versus €32.4m.

• Q3 EBIT was €14.3m versus €14.6m and adjusted EBIT €14.8m versus €15.0m; net income rose to €14.9m from €9.4m, including the disposal gain.

Outlook and guidance

• FY 2026 revenue guidance is a 1%-2% decline; adjusted EBIT is expected to be substantially stable versus FY 2025.

• Q4 global auto production is forecast down 4.2%; weaker demand and temporary pressure on industrial margins remain possible amid macroeconomic and geopolitical uncertainty.

• FY 2026 CapEx is expected to be €5m-€10m below the earlier €80m level.

• Heavy-duty FY 2026 revenue is projected near €100m, up a few percentage points, with adjusted EBITDA in the high single digits versus nearly zero last year.