Sabaf: gas taps and thermostats are growing in Asia but slowing down in Europe
The group reported its financial results for the first nine months of 2026, with a turnover of 213.9 million euros
Sabaf is growing in Asia and South America whilst growth is slowing in Europe. The gas tap and thermostat group has reported its financial results for the first nine months of 2026, with turnover of €213.9 million, in line with the figures for the first nine months of the previous year. Profitability, however, showed some signs of weakness. The normalised EBITDA stood at €30.5 million, equivalent to 14.2 per cent of revenue, whilst EBIT was €15.1 million, down 6.3 per cent compared with 2025. The decline in net profit was even more pronounced, falling by 24% to €7 million. On the financial front, net debt rose to €89.72 million, up from €75.21 million at the end of 2025. However, Sabaf still generated cash flows of €17 million and a positive cash flow of €3.8 million.
Geographically, the results are mixed. In the last quarter, Asia and Oceania recorded a 44 per cent increase in revenue, totalling 5.7 million euros, thanks mainly to growth in the Indian market, where Sabaf is looking to expand. South America (+14.9%) and North America (+4.8%) also performed well, driven mainly by increased sales from the Mexican plant.
The European market performed less well, with quarterly turnover falling by 6.6 per cent, as did the Turkish market, which was down 4.4 per cent due to weak demand and competitive pressures.
Gas-powered components remain the group’s main growth driver, accounting for 61.7 per cent of revenue, whilst hinges generated turnover of 65.5 million in the first nine months, down by 3.9 per cent. Gianluca Beschi, Sabaf’s chief executive, confirmed: “Based on the current order book, we expect a more sustained increase in sales in the fourth quarter.”
Looking ahead, the group is also counting on the positive results of its US subsidiary Mec, in which it acquired a 51 per cent stake in 2023. Furthermore, for the first nine months of 2026, Sabaf has allocated 13.3 million to investments, with a target of reaching 16 million euros by the end of 2026.
