Semperit AG Holding: Recovery and Future Prospects

Semperit AG Holding is showing signs of recovery, according to the latest research by NuWays AG. The company reported a 5.3% year-on-year increase in Q4 revenue to €179 million, driven by demand improvements. The Q4 EBITDA rose significantly by 30.7% year-on-year to €27.4 million, reflecting successful cost measures and increased capacity utilization.

Segment performance shows recovery breadth, with SIA achieving a Q4 EBITDA margin of 21.7%. SEA reported a margin of 14.8%, reflecting robust activity. Full-year 2025 revenue reached €662.4 million, with an operating EBITDA slightly exceeding guidance at €79.5 million. Cost-cutting measures contributed €6 million in savings.

The 2026 guidance of €95 million in operating EBITDA seems achievable. Despite raw material cost challenges, Semperit's historical ability to pass costs to customers provides some margin buffer. B&C Holding’s takeover offer at €15 per share is considered undervalued, with a raised target price of €21 now set.