Kendrion N.V. (KENDR) Earnings Call Transcripts

Kendrion N.V.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Kendrion N.V. reported a 5% year-on-year revenue increase to EUR 65.2 million, driven by strong performance in its industrial business segments. Normalized EBITDA rose 21% to EUR 11.0 million, resulting in an EBITDA margin of 16.9%. Management maintained a cautious outlook amid macroeconomic uncertainties but expressed confidence in their healthy order book and project pipeline, reaffirming annual revenue growth guidance of 5% to 8%.

Reported metrics

Guidance from management

Kendrion reaffirmed its revenue growth guidance of 5% to 8% for the year and maintained its EBITDA margin target of 15% to 18%. They remain cautiously optimistic despite macroeconomic uncertainties.

What management said

Yes, it's difficult to say if we're staying in this -- I mean, if we're moving into an inflationary environment, of course, we will try to reflect that immediately in our pricing, and you will see that in the top line. Currently, if you sort of assume the current situation, I think you can expect a similar split between the volume growth and pricing influences.

No, we had significant tax payments. So that was EUR 3.5 million in total, which is more than 50% of what you would normally expect in a year. So it's more a timing effect. The German tax authorities debited our account in '26 and not in '25. So then you pay both for the Q1 '25 and Q4 '26 basically -- sorry, Q4 '25 and Q1 '26. So it's a timing issue. It's not a -- more than anything else.

What analysts pressed on

Analysts expressed concerns regarding the stability of the added value margin amid inflationary pressures and the potential impact of higher interest rates on capital goods investment decisions. There were questions about the breakdown of organic growth between price and volume.

Main topics on the call

• Revenue Growth — Kendrion achieved a 5% revenue growth year-on-year, reaching EUR 65.2 million, attributed entirely to its industrial business groups. CEO Joep van Beurden stated, "Revenue growth was entirely driven by the Industrial bus...
• Profitability Improvement — Normalized EBITDA increased by 21% to EUR 11.0 million, with an EBITDA margin expanding by 220 basis points to 16.9%. This improvement reflects "a combination of volume growth, disciplined pricing, and strict cost contro...
• Order Book Health — Management described the order book as "healthy," with strong visibility for revenue in the upcoming quarters. Joep van Beurden noted that the order book reflects a year-over-year price growth of around 5%, indicating co...
• Cost Control Amid Inflation — Management addressed concerns about inflationary pressures, stating they are in a strong position to manage costs. Joep van Beurden emphasized, "We feel that we're in a very strong and a good position to deal with inflat...

Read the full Kendrion N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Kendrion N.V. earnings call transcripts on record, spanning February 18, 2020 to May 12, 2026. Based on this history, Kendrion N.V. reports quarterly. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KENDR

Exchange

ENXTAM

Country

NL

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

29

First call

February 18, 2020

Most recent

May 12, 2026

Reporting cadence

quarterly