Kendrion N.V. (0G68) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Kendrion's Q1 twenty twenty six Results Conference Call. My name is Joob van Borden, CEO of Kendrion and with me here today is our CFO, Jeroun Hammond. Thank you for taking the time to join us and for your continued interest in Kendrion. Today we will review our performance in the first quarter of twenty twenty six. We will discuss the financial results for the group and our key business segments and share our outlook for the remainder of the year and beyond. A recording of this call and the Q and A session will be made available on Kendrion's corporate website shortly after the call. Before we begin, I would like to note that certain statements made during this call may be considered forward looking statements. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Let me start with a brief overview. We delivered a strong first quarter with continued growth in both revenue and profitability. Group revenue increased by 5% year on year to €65,200,000 entirely driven by our industrial business groups. Profitability improved across all business groups, so IAC, IB and Mobility, resulting in a normalized EBITDA of €11,000,000 and an EBITDA margin of 16.9%. Return on invested capital increased to 25.3%, reflecting both improved earnings and a better asset utilization. Despite ongoing macroeconomic uncertainty, our industrial business performed well, supported by pricing discipline, operational focus and a healthy order book. Let me now walk you through the financial performance in more detail. As mentioned, in Q1 twenty twenty six the Kendrion Group delivered revenues of €65,200,000 compared to €62,000,00...