Cabka Announces Two-Phase Growth Strategy at Capital Markets Update 2025

Core Insights - Cabka N.V. presents a staged growth strategy aimed at long-term value creation through two distinct phases [1][4] Phase 1: Strengthen - Growing to Full Utilisation (2026-2028) - The company targets revenue exceeding €215 million with operational EBITDA margins increasing from 11% to 13-15%, indicating a 40-60% higher EBITDA by 2028 [2] - Key focus areas include optimizing the portfolio mix and enhancing planning in Europe, while intensifying commercial efforts in the United States with improved pricing and customer segmentation strategies [2] - Both regions will shift focus towards pharmaceuticals and e-commerce, alongside expanding contract manufacturing [2] - Improved cash flow generation and disciplined capital expenditure are expected to strengthen the balance sheet [2] Phase 2: Expand and Grow - Market Consolidation (2028-2030) - Cabka aims for organic revenue growth exceeding €240 million with operational EBITDA margins above 15%, driven by full capacity utilization [3] - The company plans to pursue inorganic growth through mergers and acquisitions (M&A) to exceed €300 million when the balance sheet allows [3] - Competitive advantages in ESG profile, innovation leadership, and customer-centric approach will be leveraged for growth [3] Management Commentary - The CEO emphasizes that the staged growth plan provides a clear roadmap for sustainable value creation, with Phase 1 focusing on operational excellence and margin improvement to set the stage for Phase 2's market consolidation opportunities [4] Company Overview - Cabka specializes in recycling plastics from post-consumer and post-industrial waste into innovative reusable transport packaging (RTP), enhancing logistics chain sustainability [5] - The company leads the industry with an integrated approach that closes the loop from waste to recycling to manufacturing, backed by its own innovation center [6]