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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Frigoglass (FRIGO) investor relations material
Frigoglass Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Nov, 2025
Executive summary
Achieved record LTM performance across Commercial Refrigeration and Glass segments, driven by transformation initiatives, disciplined revenue management, and robust market demand.
Group sales rose 21.3% year-over-year to €323.9 million, with significant EBITDA margin expansion and disciplined execution of strategic plans.
Sale agreement for Russian operations (Frigoglass Eurasia) signed in September 2025; completion subject to regulatory approvals, with operations classified as discontinued.
Financial highlights
Group sales from continuing operations rose 21.3% year-over-year to €323.9m for 9M 2025.
Commercial Refrigeration sales rose 19.1% to €232.9 million; Glass segment sales up 27.4% to €91.0 million.
Group Adjusted EBITDA more than doubled to €48.4m (from €18.9m in 9M 2024), with margin up 7.9pp to 14.9%.
Gross profit increased 78.9% to €63.1 million, with gross margin up 6.3pp to 19.5%.
Adjusted Free Cash Flow improved to €8.7m, reflecting EBITDA growth and better working capital management, despite higher capex.
Outlook and guidance
Expect continued progress and solid performance for full-year 2025, with further market share gains and margin enhancement.
Growth momentum expected to continue in Q4, supported by strong customer partnerships, manufacturing capabilities, and operational resilience.
Ongoing cost-reduction and productivity initiatives, agile pricing in Nigeria, and focus on liquidity management.
Full-year contribution from new Egypt operations anticipated in 2026.
Cautiously optimistic on delivering record full-year results.
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Next Frigoglass earnings date
Q4 202530 Apr, 2026
Next Frigoglass earnings date
Q4 202530 Apr, 2026
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