Q1 2026 Befesa SA Earnings Call Transcript

Apr 30, 2026 / 07:00 AM GMT

Release Date Price: €33.9

Transcript

Key Points

Positve

Adjusted EBITDA increased by 4% to $58 million, with the margin improving from 18% to 20%.
Net income and earnings per share increased by 11% year-over-year.
The company expects another year of earnings growth, with adjusted EBITDA projected between $250 million and $270 million.
Befesa SA (BFSAF) has significantly reduced net debt by 10% to EUR550 million, improving net leverage to 2.25.
The company is entering a new cycle of low CapEx and high earnings, resulting in strong free cash flow generation.

Negative

Total steel production in Europe declined by 3% year-over-year, reflecting weaker demand.
The aluminum salt slag recycling business started the year softly due to lower secondary aluminum production in Europe.
The market in China remains weak, with low factors at breakeven levels.
Energy costs, particularly natural gas and electricity, are expected to increase in Europe, impacting overall costs.
China's inflation continues to impact maintenance, auxiliary materials, and personnel costs across all regions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BFSA.DE - Befesa SA
Q1 2026 Befesa SA Earnings Call
Apr 30, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the first quarter 2026 results conference call. I'm Lorenzo, the course call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded.

The presentation will be followed by a Q&A session.

You can register for questions at any time by pressing star and one on your telephone.

For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Rafael Perez, CFO. Please go ahead.

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Unidentified_2 [2]
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