Netherlands' Cabka swing to H1 profit on lower costs, higher Europe sales
Netherlands' Cabka swing to H1 profit on lower costs, higher Europe sales
Overview
Netherlands plastic recycler's H1 revenue rose 6% yr/yr, driven by strong growth in Europe
Operating EBITDA for H1 rose 50%, supported by operating leverage and cost savings
Net result improved to EUR 1.2 mln profit from EUR 4.7 mln loss in prior year
Outlook
Cabka expects Q3 performance to be negatively impacted by earlier customer CAPEX delays
Company says normalization of raw material prices and renewed tender activity may support Q4
Cabka continues to expect improved revenues and a higher EBITDA margin in 2026 vs 2025
Result Drivers
EUROPEAN SALES GROWTH - Co said H1 revenue was driven by strong sales growth in Europe, with Customized Solutions up 41%
PRODUCT MIX AND COST SAVINGS - Improved product mix and continued cost savings via Shift program supported margin expansion
MARKET UNCERTAINTY - Sharp rise in energy and plastic prices led to market uncertainty and delayed customer investment decisions
Company press release: ID:nGNE1BN5ZR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 95.50 mln |
|
H1 Net Profit |
| EUR 1.20 mln |
|
H1 Adjusted EBITDA |
| EUR 13.60 mln |
|
H1 Gross Margin |
| 51.90% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
Wall Street's median 12-month price target for Cabka NV is €3.40, about 70.9% above its August 12 closing price of €1.99
Reuters Recommended Reads
Aug 12 - Netherlands' Envipco Q2 revenue rises 13%, gross margin falls
Aug 11 - EU packaging rules take effect with limits on 'forever chemicals', plastics curbs
Aug 12 - Packaging firm Amcor beats quarterly sales, profit estimates on higher prices
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.)