Vidrala (VID) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales reached EUR 367.5 million, down 1.3% reported and 4.7% organically year-over-year, with the consolidation of the Chile acquisition and pro forma comparisons provided for clarity.

• EBITDA was EUR 104 million, a 0.6% decrease reported and 2.1% organic decline, with margin expanding to 28.3%.

• EPS rose 13.3% year-over-year to EUR 1.53, reflecting improved profitability.

• Organic revenue decline reflects price moderation and softer European demand, partially offset by growth in South America.

• South America, now including Chile, is a strategic growth platform with strong volume and margin performance.

Financial highlights

• Q1 2026 revenue: EUR 367.5 million; organic change -4.7% year-over-year.

• EBITDA: EUR 104 million; organic change -2.1% year-over-year.

• EBITDA margin: 28.3%, up from 28.1% in Q1 2025; margin expanded by 22 basis points.

• Net income translated to EPS of EUR 1.53, up 13.3% year-over-year.

• Net debt at end of March: EUR 273.1 million, including Chile acquisition and shareholder returns.

Outlook and guidance

• Full-year 2026 EBITDA expected to exceed EUR 450 million, slightly above 2025 on a comparable basis.

• EPS projected to grow by more than 5% year-over-year.

• Free cash flow expected to remain sustainably at EUR 200 million, supporting strategic investments.

• Management remains committed to customer focus, cost control, and capital discipline.