Luxembourg's Befesa Q1 revenue falls due to weaker aluminium business

Befesa SA

30/04/2026 06:42

Overview

Luxembourg hazardous waste recycler's Q1 revenue fell 8% yr/yr on weaker aluminium and FX impact

Q1 adjusted EBITDA rose 4% yr/yr, net profit up 11%

Company expects 2026 EBITDA of €250-270 mln, up 3-11% yr/yr

Outlook

Befesa expects 2026 EBITDA between €250 mln and €270 mln, up 3% to 11% YoY

Befesa plans 2026 capex of around €70 mln, including €25 mln for Bernburg expansion

Result Drivers

ALUMINIUM WEAKNESS AND FX - Co said revenue fell due to weaker aluminium business and unfavourable EUR/USD exchange rates

OPERATING COSTS AND ZINC PRICES - Adjusted EBITDA rose on improved operating costs, higher zinc LME prices and good US performance

US VOLUME GROWTH - US plants delivered good volume growth and load factor, supported by new EAF dust supply contracts and higher steel production

Company press release: ID:nEQbvTnM7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 285.20 mln
Q1 EPS
EUR 0.52
Q1 Net Income
EUR 20.70 mln
Q1 Adjusted EBITDA
EUR 57.90 mln
Q1 Adjusted Free Cash Flow
EUR 38.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Befesa SA is €40.00, about 18.9% above its April 29 closing price of €33.65

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)