Vidrala (VID) Q3 2026 earnings summary

Executive summary

• 9M 2026 sales were €1,146.5m and EBITDA €338.5m; adjusted EPS was €4.99, up 6.4% YoY.

• Resilient margins and cash generation supported reaffirmed FY26 targets despite inflationary pressures, weak European demand and intense competition.

Financial highlights

• Sales were €1,146.5m versus €1,124.4m, up 2.0% reported and down 3.0% organically.

• EBITDA was €338.5m versus €328.9m, up 2.9% reported and down 0.5% on a comparable, constant-currency basis.

• Net profit was €173.4m; adjusted EPS was €4.99, up 6.4% YoY after adjustment for the November 2025 bonus share issue.

Outlook and guidance

• FY26 targets reiterated: EBITDA close to €450m, annual profit growth above 5% and free cash flow of ~€200m.

• Underlying free cash flow guidance excludes restructuring costs; assumptions include EUR/GBP 0.87, EUR/BRL 6.10 and EUR/CLP 1,040 full-year average rates.

• Investment is focused on customers and diversification as the industrial investment phase nears completion; financial discipline remains a priority.