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.)