Semperit (SEM) Q2 2026 earnings summary

Executive summary

• Revenue grew 11.1% year-over-year to EUR 355.9 million in H1 2026, with EBITDA more than doubling to EUR 66.6 million and a robust EBITDA margin of 18.7%.

• Profitability improved significantly, with earnings after tax reaching EUR 28.6 million versus a loss of EUR 11.2 million in H1 2025; EPS was EUR 1.39.

• Growth was driven by higher sales volumes, improved production utilization, and sustained cost and efficiency measures, despite increased raw material costs and market volatility.

• Both Industrial and Engineered Applications divisions contributed to growth, with strong order intake, volume trends, and optimized capacity utilization.

• Raised full-year EBITDA guidance to approximately EUR 100 million, reflecting confidence in continued operational strength.

Financial highlights

• Revenue increased by 11.1% year-over-year to EUR 355.9 million in H1 2026.

• EBITDA more than doubled to EUR 66.6 million, with EBITDA margin rising from 9.6% to 18.7%.

• EBIT reached EUR 41.7 million, and earnings after tax improved to EUR 28.6 million from a loss of EUR 11.2 million in H1 2025.

• Free cash flow more than doubled to EUR 30.4 million, supported by disciplined CapEx management.

• Net financial debt decreased to EUR 79.9 million, and the equity ratio improved to 49.5%.

Outlook and guidance

• Operating EBITDA for FY 2026 expected to reach approximately EUR 100 million.

• Revenue growth anticipated in the high single-digit percentage range for the full year.

• CapEx for 2026 forecast at EUR 40–45 million, with some project shifts rather than cuts.

• Second half expected to be more challenging due to delayed impact of higher raw material costs and ongoing market volatility.

• Margin protection remains a key focus through pricing discipline and efficiency measures.