Befesa

Befesa increased adjusted EBITDA in the first half by 11% to €124m and net profit by 12% to €45m, while revenue was slightly down on a currency-adjusted basis. The margin improved from 19% to 21%; management reiterated the full-year guidance of €250–270m EBITDA and expects stronger momentum in the second half. Technically, the stock trades above all major moving averages, the RSI is around 60 and the annual high near €37.50 is coming back into reach; analyst targets go up to €45. The next test will be the nine-month figures on 29 October. » Altro su finanzen.net

Befesa reported a 3.8% increase in revenue for the second quarter to about €304 million and an adjusted EBITDA that rose roughly 17% to €66 million, around 5% above market expectations. Quarterly profit climbed 13.5% to €24.3 million. Drivers were the volume ramp-up in the US, better capacity utilization and a favorable metal price environment; the group reaffirmed its full-year forecast for adjusted EBITDA of €250–270 million (+3–11%). The share reacted positively and is up almost 19% year-to-date, with a twelve-month gain of roughly one third. » Altro su finanzen.net

Befesa’s stock has risen more than 18% since the end of June, supported by a Stifel buy recommendation with a €40 price target. In 2025 revenue fell slightly, but adjusted EBITDA rose 13.8% to €242.8m and net profit climbed to €80.5m; net debt was reduced. For 2026 management expects adjusted EBITDA of €250–270m, driven by higher steel dust volumes in the US and a recovery in secondary aluminium, while an increase in the zinc smelter charge could weigh on results. Technically, key moving averages have been regained, but short-term profit-taking is likely; investors should wait for a moderate pullback to the 50-day moving average. » Altro su finanzen.net