B&c Speakers S.p.a. · MIL:BEC
B&c Speakers — Q1 2026 Earnings Presentation
14 slides from B&c Speakers's earnings presentation, 2026
Slide 1: Q1 2026 Conference Call Presentation
Q1 2026 CONFERENCE CALL PRESENTATION Global leader in professional electroacustic transducers
Slide 2: Key Financial Highlights
FY 2025 KEY FINANCIAL HIGHLIGHTS € 24.8M €5.1M €3.5M € +1.4M cash Total revenues EBITDA Net profit NFP Flat at constant FX with previous YR (€ 25.7M) 20.6% Margin 13.9% Margin Consistent strong cash generation in Q1 26 Strong operating performance in a challenging market environment. Improved Net Fi
Slide 3: P&L Track Record: Revenues
KEY FINANCIALS P&L TRACK RECORD: REVENUES Q1 Revenues FY Revenues €/million €/million 25,8 24,8 24,2 23,9 100,4 99,1 94,0 17,2 82,1 45,2 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 Q1 2026 revenue trends reflected a selective market environment, with recovery signals in South America and the d
Slide 4: P&L Track Record: Gross Margin
KEY FINANCIALS P&L TRACK RECORD: GROSS MARGIN 1Q Gross Margin FY Gross Margin €/million €/million 50,0 38% 13,0 45% 41% 45,0 37% 37% 37% 11,0 40,0 37% 40% 36% 36,40% 37% 37% 35,0 37% 9,0 36% 10,6 37,1 30,0 34,7 36,1 9,0 8,9 9,2 35% 7,0 25,0 29,9 36% 5,0 20,0 36% 6,2 30% 15,0 36% 3,0 10,0 16,1 35% 25
Slide 5: P&L Track Record: EBITDA, EBIT & Net Result
KEY FINANCIALS P&L TRACK RECORD: EBITDA, EBIT & NET RESULT 1Q EBITDA 1Q EBIT 1Q Net Result €/million €/million €/million 7,0 30,0% 7,0 25,0% 4,5 18,0% 6,3 6,3 23,7% 4,1 16,7% 6,0 25,8% 5,8 21,6% 4,0 3,7 16,0% 25,0% 6,0 24,4% 5,1 20,0% 20,0% 3,5 22,9% 5,0 3,5 3,3 13,9% 14,0% 5,0 5,0 18,4% 5,6 18,2% 1
Slide 6: Cash Flow Generation Track Record
KEY FINANCIALS CASH FLOW GENERATION TRACK RECORD Net Financial Position (- debt / + cash) NWC CF Conversion Ratio – FCF/EBITDA % €/million €/million 9,4 1,5 1,3 52,8 49,1 1,1 44,9 42,7 0,9 38,1 0,7 84% 60% 0,5 68% 0,3 55% 1,4 0,1 -0,2 9% -0,6 -0,9 -0,1 FY 2022 FY 2023 FY 2024 FY 2025 1Q 2026 FY 2022
Slide 7: Key Stock Information
KEY FINANCIALS KEY STOCK INFORMATION EPS - DPS – Dividend Pay Out – Dividend Yield 1,8 75% 80% 70% 1,6 70% 1,62 62% 1,4 53% 55% 60% 1,2 1,28 50% 1 1,13 1,00 40% 0,8 0,93 30% 0,6 0,70 0,70 0,60 20% 0,4 0,46 6,0% 0,2 0,32 4,1% 4,8% 4,4% 10% 2,4% 0 0% 2021 2022 2023 2024 2025 EPS (€) DPS (€) Dividend P
Slide 8: Strong Cash Generation & Shareholder Returns
SHAREHOLDER VALUE STRONG CASH GENERATION & SHAREHOLDER RETURNS • B&C Speakers Group continues to deliver resilient operating profitability and strong cash generation, supporting a sustainable and attractive shareholder remuneration policy. The Group maintains a balanced capital allocation approach,
Slide 9: Appendix
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Slide 10: Profit & Loss
PROFIT & LOSS Economic trends - Group B&C Speakers (€ thousands) IQ 2026 Incidence !Q 2025 Incidence Revenues 24.846 100,0% 25.830 100,0% Cost of sales (15.634) -62,9% (15.278) -59,1% Gross margin 9.212 37,1% 10.552 40,9% Ebitda 5.114 20,6% 6.299 24,4% Earning before interest and taxes (Ebit) 4.527
Slide 11: Balance Sheet
BALANCE SHEET Reclassified Balance sheet March 31st 31 December (€ thousands) 2026 2025 Change Property, plant & Equipment 11.630 11.619 11 Inventories 30.840 29.349 1.491 Trade receivables 22.736 20.402 2.334 Other receivables 4.848 5.466 (617) Trade payables (11.590) (10.473) (1.117) Other payable
Slide 12: Cash Flow
CASH FLOW Consolidated cash flows (Values in Euro thousands) *20%6 1Q2025 A Net current bank balances at the beginning of the period 11,502 6,719 B- Cash flow from operating activities 2,700 4,217 Cc Cash flow from investing activities (530) (306) D- Cash flow from financing activities (1,967) (1,75
Slide 13: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements in this slide show, including those addressing the Company’s beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statement. They are based on the assumptions, beliefs and expectations of our managem
Slide 14: Contacts
CONTACTS Investors Relations Office Lorenzo Coppini - CEO Via Poggiomoro, 1 – Vallina, Francesco Spapperi - CFO Bagno a Ripoli (FI), 50012, Italy Davide Norelli - Controller Phone: +39 055 6572303 E-mail investors@bcspeakers.com