Eurogroup Laminations (EGLA) Q4 2025 earnings summary

Executive summary

• 2025 was marked by geopolitical and regulatory shifts, market turbulence, and realignment in electrification strategies, but the business model remained resilient and diversified.

• Investments continued in industrial and technological development, focusing on operational efficiency and cash generation.

• Revenues reached EUR 831 million, nearly flat year-over-year, with adjusted EBITDA at EUR 88.7 million.

• Industrial and Infrastructure Solutions and Asian subsidiaries contributed positively, offsetting declines in E-mobility.

Financial highlights

• Total revenues for 2025 were EUR 831 million, down 4.4% from 2024; at constant FX, down 1.8%.

• Adjusted EBITDA was EUR 88.7 million, with a margin of 10.7%; reported EBITDA was EUR 80.6 million, down from EUR 110.3 million.

• EBIT fell to EUR 22.6 million from EUR 65.7 million in 2024; net income was negative at EUR -0.1 million.

• CapEx decreased to EUR 68.9 million from EUR 86.5 million in 2024, a 20.3% reduction.

• Net debt at year-end was EUR 219 million, nearly flat year-over-year, including lease liabilities and buybacks.

Outlook and guidance

• 2026 revenue guidance: EUR 700–750 million, with adjusted EBITDA margin expected at 11%.

• CapEx for 2026 projected at EUR 45 million, with positive operating free cash flow anticipated.

• Focus on cash generation, operational efficiency, and resilience amid ongoing macroeconomic and geopolitical uncertainty.

• Industrial segment expected to grow in 2026, especially in Asia, while e-mobility is expected to decline due to US market dynamics.

• Guidance includes $5 million in claims expected to be closed in 2026.