Vidrala SA

Latest Results (19.05.2026):

Vidrala SA Q1 2026: In the three months to March 31, 2026 Vidrala reported sales of EUR 367.5m (reported -1.3%; organic -4.7%), EBITDA of EUR 104.0m (reported -0.6%; organic -2.1%) with a 28.3% margin, net profit of EUR 53.7m and adjusted earnings per share of EUR 1.53 (+13.3% y/y). Net debt was EUR 273.1m (including the EUR 75m Chile acquisition), equivalent to 0.6x proforma LTM EBITDA.

Sales

Reported sales: EUR 367.5m (-1.3% reported). On a constant‑currency, like‑for‑like (proforma including Chile 2025) basis sales declined -4.7%.

EBITDA and margin

EBITDA: EUR 104.0m (reported -0.6%; organic -2.1%). EBITDA margin expanded to 28.3%, a 22 basis‑point improvement year‑on‑year on a reported basis.

Earnings per share and net profit

Net profit: EUR 53.7m in Q1 2026. Adjusted EPS: EUR 1.53 (+13.3% vs prior year), adjusted for the November 2025 bonus share issue.

Balance sheet and leverage (including Chile)

Net debt at 31 March 2026: EUR 273.1m (includes EUR 75m enterprise value for the Chile acquisition). Leverage: 0.6x proforma LTM EBITDA (down 0.1x vs prior period).

Segment performance

By region (Q1 2026): Europe sales EUR 174.5m, EBITDA EUR 51.8m (EBITDA margin 29.7%); United Kingdom & Ireland sales EUR 119.5m, EBITDA EUR 25.1m (margin 21.0%); South America (2025 proforma) sales EUR 73.4m, EBITDA EUR 27.1m (margin 36.9%). South America shows stronger margins and EBITDA contribution proforma.

Outlook and guidance

Full‑year 2026 guidance: expect EBITDA above EUR 450m, annual profit growth >5%, and around EUR 200m of free cash flow. Company cites continued focus on customer, cost and capital discipline.

Other notes

Acquisition and accounting: Q1 figures exclude IFRS 16 lease impact for leverage calculation (IFRS 16 would add ~EUR 48.4m to debt and EUR 1.7m to EBITDA in Q1 2026). Management completed the Chile entry in Q1 and cites it in proforma comparisons.