Befesa Reports 9M Results, Narrows Full-Year Adjusted EBITDA Guidance
Befesa reported year-on-year increases of 12% in operating cash flow and earnings per share for the first nine months of 2026. It narrowed full-year adjusted EBITDA guidance to €260m–€270m, or €286m–€296m including a confirmed €26m Section 45X grant. The Bernburg expansion is complete and ramp-up is underway in Q4.