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Norway's BEWI Q2 sales, profit rise on volume growth; sees momentum carry into Q3

Norway's BEWI Q2 sales, profit rise on volume growth; sees momentum carry into Q3 


Overview

  • Norway packaging and insulation provider's Q2 net sales rose 19% yr/yr to EUR 247.8 mln

  • Adjusted EBITDA for Q2 increased 57% to EUR 34.2 mln, margin at 13.8%

  • Quarter driven by volume growth, operational improvements, and strong cash generation


Outlook

  • Company says activity levels remain encouraging across several key markets

  • Company expects current momentum and earnings capacity to support solid Q3 performance


Result Drivers

  • VOLUME GROWTH - Co said higher volumes across all business segments contributed to Q2 results

  • OPERATIONAL IMPROVEMENTS - Co cited improved operational efficiency and capacity utilisation, especially in Insulation & Construction

  • CASH GENERATION - Disciplined working capital management and lower inventory levels supported strong cash generation


Company press release: ID:nWkr6WQ6Fj


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

EUR 247.80 mln

Q2 Adjusted EBITDA

EUR 34.20 mln

Q2 Adjusted EBITDA Margin

13.80%


Reuters Recommended Reads

  • Aug 18 - Norway's Elopak Q2 revenue rises 4.9% on new customer contracts in Americas

  • Aug 18 - Orthex Q2 sales rise on storage and kitchen category performance

  • Aug 19 - Switzerland's Implenia H1 revenue falls on decline in civil engineering division


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.)

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