Tessenderlo rises after 'solid' H1 results, FY EBITDA guidance hike

Tessenderlo NV

27/08/2026 09:13

** Shares in Tessenderlo TESB.BR rise 9.9% after the Belgian chemicals group reported "solid" half-year results and upgraded its full-year EBITDA guidance , as per Degroof Petercam
** H1 Adjusted EBITDA increased by 8.2% yoy to EUR 176.8 million ($206.03 million) - a beat "clearly driven" by Industrial Solutions, brokerage Degroof Petercam says
** Tessenderlo also raised its full-year guidance from flat EBITDA to a 5-15% increase
** "Despite the difficult macro-economic environment, Tessenderlo is using its solid balance sheet and FCF for additional growth moves," KBC Securities says
** Shares are on track for their best day since February 2016, if gains hold
     
($1 = 0.8581 euros)

(Reporting by Margaux Perrin in Gdansk)
((Margaux.Perrin@thomsonreuters.com ))