Kendrion NV (FRA:K3E)

Q4 2025 Kendrion NV Earnings Call Transcript

Feb 27, 2026 / 01:00 PM GMT

Release Date Price: €15.68 (+4.95%)

Transcript

Key Points

Positve

Kendrion NV (STU:K3E) achieved a 73% increase in normalized Q4 EBITDA, reflecting higher volumes and solid cost control.
The company met its long-term financial targets ahead of schedule, ending 2025 with a 15.5% EBITDA margin and a return on invested capital of 24.6%.
Kendrion NV (STU:K3E) reduced net debt significantly from €103.5 million to €30.3 million, aided by robust cash generation and proceeds from the China divestment.
A special dividend of €1 per share was paid, and a €10 million share buyback program was launched.
The project pipeline has expanded to the highest level on record, indicating strong future growth potential.

Negative

Revenue decreased by 1% for the full year 2025, primarily due to weakness in industrial end markets during the first half of the year.
The company faced incidental costs related to former automotive activities, including a provision for soil cleanup at an Austrian site.
Despite improvements, the diversity targets were not met, indicating a need for additional action to accelerate progress.
The divestment of China led to a restructuring charge of €1.2 million, impacting financial results.
The company operates in a challenging geopolitical environment, which could impact future performance and market conditions.

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

SVEL.AS - Kendrion NV
Q4 2025 Kendrion NV Earnings Call
Feb 27, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everybody here in the Novotel and on the webcast.

And welcome to Kreon's Q4 and full year 2025 results presentation. My name is Jug van Burde, Kreon's CEO, and with me here is Jeroen Heme, our CFO.

This morning's agenda, I will start with summarizing the highlights of 2025, after which I will spend some time on the strategic position of Kendreon as a pure play industrial company.

Yun will then review our Q4 and full year 2025 results, including ESG.

After which I will give you an update of the progress we have made operationally over the past year.

Next, I will discuss the outlook for 2026 and beyond and go to Q&A.

Before discussing the strategic repositioning, I would like to

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