Vidrala profits rise 13% to 53.7 million driven by South America and cost control

• In the first quarter of 2026, turnover amounted to €367.5 million.

• EBITDA reached €104.0 million, equivalent to a sales margin of 28.3%.

• Earnings stood at €1.53 per share, up +13.3% compared to the previous year.

• Debt is recorded at €273.1 million, 0.6x the pro forma last-twelve-months EBITDA following the acquisition of the two plants in Chile.

• Raúl Gómez, CEO of Vidrala, highlighted that “despite the adverse context of the war in the Middle East, rising energy costs, and persistent competitive pressure, our first-quarter results—driven by our internal cost control actions—are a testament to the solid future we are building.”

 

Llodio (Álava), 29 April 2026. Vidrala, a leading group in glass container manufacturing with a presence in Europe, the UK, and South America, closed the first quarter of the year with a net profit 13% higher, recording €53.7 million up to March, equivalent to earnings per share of €1.53.

Furthermore, the industrial group managed to maintain its EBITDA at €104 million (-0.6%) and a sales margin of 28.3%, higher than the previous year's, bolstered by internal cost control measures.

In terms of sales, Vidrala achieved a turnover of €367.5 million up to March, representing a slight decrease of 1.3% compared to the same period last year.

In an adverse context due to the war in the Middle East and continued weak demand in Europe and the UK, the company's results were favoured by the performance of the business in South America. This new geographical business platform, launched in early 2024 with production bases in Brazil and Chile, already contributes more than 20% of the group's total sales.

On the other hand, debt stands at €273.1 million. This figure, which already includes the €75 million acquisition of Vidrala Chile, represents a low level of leverage equivalent to 0.6x the last twelve months' EBITDA.

Raúl Gómez, Group CEO, highlights: “our first quarter results are a testament to the solid future we are building. Faced with adversity, we do not stand still. We are investing more than ever, with our minds on the future and the customer. We are adapting our industrial capacity, prioritising investments according to rigorous planning. We act, managing costs with an undeniable focus on competitiveness, our true reason for being. And we are diversifying the business, creating a growth platform in South America that has gained significant weight. Vidrala's results demonstrate, today more than ever, the strength and adaptability of our business model.”

Outlook for 2026

On this basis, the Group remains confident in its new business model and today announces a favourable outlook for the whole of 2026, which would see earnings per share grow by more than 5% thanks to operational actions, the contribution of the new perimeter, and the control of financial costs. Even with the major challenges presented by the current environment, Vidrala expects its management to enable EBITDA to reach €450 million, surpassing the previous year. Additionally, the company expects to generate around €200 million in free cash flow, consolidating a differential profitability profile after completing a new phase of ambitious industrial investment.

“Vidrala is today a more solid and diversified company, a multinational orderly focused on three complementary business areas that create a great business combination: Europe, the UK, and South America. We are a world-class glass producer, supplying major global customers, and we possess high-quality industrial assets and technology. Despite the significant challenges in the environment, our internal actions allow us to evolve as a partner of choice for our customers and to announce today that our results will grow in 2026. Our future belongs to us.”

Vidrala will hold its Annual General Meeting today at 12:00 at the company's registered office, located at Barrio Munegazo, 22, Llodio (Álava).

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