Befesa S.A. (0RVK) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the First Quarter twenty twenty six Results Conference Call. I'm Lorenzo, the Chorus Call operator. I would like to remind you that all participants will be in listen only mode and the conference is being recorded. The presentation will be followed by Q and A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rafael Peretz, CFO. Please go ahead. Good morning, and welcome to the first quarter twenty twenty six results conference calls of Befesa. I am Rafael Pere, CFO of Befesa. And this morning, I'm joined by our group CEO, Assier Saronandia. Assier will start with an executive summary of the period. Then I will cover the business highlights for the steel dust as well as aluminum salt slag recycling businesses. I will then review the first quarter financials by business, and we'll cover the evolution of commodity prices, our hedging program and finally, cash flow, net debt leverage and capital allocation. As here, we'll close the presentation providing an update on the outlook for 2026 and an update on our growth plan. Finally, we will open the line for a Q and A session. As always, this conference call is being webcast live, and you can find the link in our website. Now let me turn the call over to our CEO. Sergio, please. Good morning and welcome also from my side. Please move to Page five with the financial and business highlights for the first quarter of twenty twenty six. We had a good start into the year despite a challenging macroeconomic environment. Adjusted EBITDA increased by 4% to €58,000,000 and the margin improved accordingly from 18% to 20%. This development was driven by both segments, steel, dust and allude. Net income and earnings per share increas...