Sogefi, earnings up in the first quarter

Sogefi closed the first quarter with revenues of 250.2 million (-2.3%) affected by the exchange rate effect, adjusted ebitda of 36.5 million (-1.6%) and net income of 10.9 million, up 21%. Considering the weight of Europe and North America in its business portfolio and current exchange rates, for 2026, Sogefi "confirms its forecast of a drop in its low/mid-single digit revenues and an Adjusted EBIT margin substantially in line with that recorded in 2025, excluding any non-recurring charges that are not currently forecast"

Meanwhile, the shareholders' meeting of Sogefi, a company of the Cir Group, which met under the chairmanship of Monica Mondardini, approved the financial statements for the year 2025. The Group, among the leading global manufacturers of automotive components in the Air and Cooling and Suspension sectors, closed the year with consolidated revenues of 984.8 million euro, compared to 1.02 billion in 2024, an adjusted Ebitda of 136 million euro, compared to 134.9 million in 2024, and a positive result from continuing operations of 13.8 million euro, compared to 18 million in 2024. The parent company Sogefi posted a net profit of 28.1 million euro, compared to 210.7 million recorded in 2024, which included a capital gain of 145.9 million euro from the sale of the Filtration business unit. The shareholders' meeting then approved the board of directors' proposal to allocate the net profit of EUR 28.1m entirely to the 'Retained Earnings' reserve, as the legal reserve had already reached 20% of the share capital. And it also authorised a buyback plan for up to 20 million shares, valid for 18 months and with limits on the purchase price.