Viscofan (VIS) Q1 2025 earnings summary

Executive summary

• Revenue grew 6.1% year-over-year to €307.3 million, with all regions and business segments contributing to growth, driven by higher volumes and positive contributions from energy, forex, and acquisitions.

• EBITDA increased 11.7% to €68.8 million, with margin up 1.1 percentage points to 22.4%.

• Operating profit rose 16.0% to €46.8 million, supported by production efficiencies and cost control.

• Net profit was €31.4 million, down 0.7% year-over-year due to negative exchange differences, especially US dollar weakness.

• Net bank debt rose to €170.8 million, reflecting share buybacks, acquisitions, and increased investments.

Financial highlights

• Revenue reached €307.3 million, up 6.1% year-over-year; EBITDA rose 11.7% to €68.8 million, margin 22.4%.

• EBIT increased 16.0% to €46.8 million; net profit was €31.4 million, down 0.7% year-over-year due to FX losses.

• Like-for-like revenue and EBITDA grew 4.0% and 4.1%, respectively, excluding forex and consolidation changes.

• Gross margin improved by 1.1 percentage points to 68.7%, driven by production efficiencies and lower natural gas costs.

• Personnel expenses increased 3.5% due to higher headcount and acquisitions.

Outlook and guidance

• Results are in line with 2025 operating guidance and objectives, with continued focus on volume growth, operational efficiencies, and consolidation of the Beyond 25 strategic plan.