无菌包装解决方案供应商康美包业绩失速，前三季度由盈转亏

Core Insights - The company reported a decline in revenue and a shift from profit to loss in the latest financial results, indicating significant operational challenges [2][3][4] Financial Performance - For the first nine months of 2025, total revenue was €2.35 billion, a decrease of 2.1% compared to €2.40 billion in 2024 [3] - Adjusted EBITDA for the same period was €495.4 million, down 14% from €575.4 million year-on-year [3] - The net loss for the first nine months was €130.8 million, contrasting with a net profit of €130.1 million in the previous year [3] Quarterly Performance - In Q3 2025, revenue was €769 million, a decline of 6.74% from €824.6 million in Q3 2024 [3] - Adjusted EBITDA for Q3 was €123.4 million, down 40% from €205.9 million year-on-year [3] - The net loss for Q3 was €221.8 million, compared to a profit of €45.2 million in the same quarter last year [3] Regional Performance - The European market showed a revenue decline of 2.5% year-on-year for the first nine months, with a sharper decline of 6.4% in Q3 [4] - The Asia-Pacific region experienced a slight revenue growth overall, but Q3 saw a decrease of 1.4% [4] - The IMEA region faced a significant revenue drop of 8.2% in Q3 [4] - The Americas region had mixed results, with a 4.2% increase in revenue for the first nine months but a 2.8% decline in Q3 [4] Market Challenges - The company is facing structural challenges due to weak consumer demand in sectors such as beverages and dairy, impacting overall revenue [4] - The slowdown in fast-moving consumer goods demand is contributing to the company's performance issues [4]