Q2 2026 Frigoglass SAIC Earnings Call Transcript

Aug 7, 2026 / 01:00 PM GMT

Release Date Price: €0.22

Transcript

Key Points

Positve

Frigoglass SAIC (ATH:FRIGO) reported a strong first half of 2026 with sales up 18% year-over-year, driven by growth across all regions.
Comparable adjusted EBITDA nearly doubled to EUR24.8 million, with the margin expanding by 450 basis points to 12%.
The company successfully completed the sale of its glass packaging business and exited Russian operations, significantly reducing debt and strengthening the balance sheet.
The company is gaining market share in the rapidly expanding energy drinks category and has diversified its customer base beyond Coke accounts.
Management reaffirmed its 2026 guidance for sales growth of around 15% and a significant increase in adjusted EBITDA, reflecting confidence in the business outlook.

Negative

Frigoglass SAIC (ATH:FRIGO) faced significant currency headwinds, primarily from the devaluation of the Indian rupee against the euro, which negatively impacted results by approximately EUR7 million.
The company experienced higher raw material prices, particularly in Asia during the second quarter, which partially offset profitability gains.
Working capital outflow of EUR9.7 million was recorded in the first half, driven by higher trade receivables due to rapid sales growth.
The company noted that conditions in the Middle East are still feeding into its Asian cost base, creating ongoing external cost pressure.
Management described the wider market backdrop as 'hard to read' and acknowledged challenging market conditions, indicating potential uncertainty for the remainder of the year.

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

FRIr.AT - Frigoglass SAIC
Q2 2026 Frigoglass SAIC Earnings Call
Aug 07, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I am Geli, your course call operator. Welcome and thank you for joining the FrigoGlass conference call regarding the first half 2026 financial results. All participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone.

At this time, I would like to turn the conference over to Mr. John Stamatakos, Treasury and IR Director. Mr. Stamatakos, you may now proceed.

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Unidentified_2 [2]
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