Affirms Q2 2026 adjusted EBITDA significantly higher than Q1 €90M; Consensus at €121M
Expects Q2 net financial debt slightly lower than Q1, with valuation gains as guided and Brazil returning with full seasonal strength. - Says Europe has seen relief from lower import volumes, correlating to higher capacity utilization in European mills; trade defense measures in Europe took effect on Jul 1st. - Leadership Journey Phase 6 targets €150M gains from 2026 to 2028; Q1 2026 contribution was €18M, with further gains expected in Q2.
Expects Q2 net financial debt slightly lower than Q1, with valuation gains as guided and Brazil returning with full seasonal strength. - Says Europe has seen relief from lower import volumes, correlating to higher capacity utilization in European mills; trade defense measures in Europe took effect on Jul 1st. - Leadership Journey Phase 6 targets €150M gains from 2026 to 2028; Q1 2026 contribution was €18M, with further gains expected in Q2.