Q1 26 EBITDA soared by 141% yoy, supported by solid growth of 7.9% yoy mainly driven by volume increases. Special situation on raw material supply provides pricing upside potential. Cost impacts expected to start late Q2 26. Operational levers in motion. BUY at an unchanged PT of € 21.5.
15 May 2026
Kicking off the year with a positive margin surprise in SIA
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Kicking off the year with a positive margin surprise in SIA
- Published:
15 May 2026 -
Author:
Christian Sandherr -
Pages:
11 -
Q1 26 EBITDA soared by 141% yoy, supported by solid growth of 7.9% yoy mainly driven by volume increases. Special situation on raw material supply provides pricing upside potential. Cost impacts expected to start late Q2 26. Operational levers in motion. BUY at an unchanged PT of € 21.5.