Kendrion NV (FRA:K3E)

Q1 2026 Kendrion NV Earnings Call Transcript

May 12, 2026 / 09:00 AM GMT

Release Date Price: €19.6 (+6.99%)

Transcript

Key Points

Positve

Kendrion NV (FRA:K3E) reported a 5% year-on-year increase in group revenue, reaching EUR65.2 million, driven by strong performance in the industrial business groups.
Normalized EBITDA increased by 21% year-on-year to EUR11.0 million, with an EBITDA margin expansion to 16.9%, reflecting improved profitability.
Return on invested capital rose to 25.3%, indicating better earnings and asset utilization.
The industrial brakes segment saw a 9% revenue growth, supported by demand in Europe and success in high-value industrial applications.
The leverage ratio improved significantly from 2.5 to 1.0, showcasing better financial health and reduced debt levels.

Negative

Free cash flow was negative at EUR3.0 million, attributed to seasonal working capital movements and timing of tax payments.
Net debt increased to EUR40.9 million, primarily due to the share buyback program and seasonal working capital effects.
Mobility revenue remained flat compared to the previous year, indicating challenges in growth within this segment.
The company faces ongoing macroeconomic uncertainties, including geopolitical tensions and trade conditions, which could impact future performance.
Capital expenditure was EUR1.1 million, with expectations to normalize over the year, but still remains below depreciation levels, potentially affecting long-term asset investments.

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

SVEL.AS - Kendrion NV
Q1 2026 Kendrion NV Earnings Call
May 12, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to Kendrion's Q1 2026 results conference call. My name is Joep van Berden, CEO of Kendrion, and with me here today is our CFO, Jeroen Hemmen.

Thank you for taking the time to join us and for your continued interest in Kendrion.

Today, we will review our performance in the first quarter of 2026.

We will discuss the financial results for the group and our key business segments. And share our outlook for the remainder of the year and beyond. A recording of this call and the Q&A session will be made available on Candrian's corporate website shortly after the call.

Before we begin, I would like to note that certain statements made during this call may be considered forward

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