Surteco improves adjusted margins while reported earnings remain under pressure
Surteco ($SUR) reported nine-month 2026 revenue of €623.1 million, down 3%, as weak demand and the exit from its impregnates business weighed on sales. Adjusted EBITDA increased 4% to €76.2 million, lifting the margin to 12.2% from 11.4%. Efficiency measures and partial price increases helped offset significantly higher raw-material purchase costs across its operating divisions. Reported EBITDA rose only 1% to €66.8 million. EBIT fell to €15.2 million from €22.3 million after higher depreciation
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