Industrie De Nora Updates 2026 Financial Guidance

Industrie De Nora raised its 2026 adjusted EBITDA margin guidance to 19%–20%, the upper end of its previous range, while keeping revenue guidance at €880 million–€900 million. Its backlog reached a record €723.1 million, up 60.6% from the end of 2025, supported by the IWS acquisition. The company cut its capex forecast to €70 million from €80 million due to a revised timeline for its Milan headquarters expansion and adjusted second-half revenue expectations for IWS.