Spain: Molins reported sales of €268m in the first quarter of 2026, up by 8% year-on-year, despite a ‘global environment characterised by economic and geopolitical uncertainty.’ Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 4% year-on-year to €54m. Adjusted EBITDA reached €90m, up by 8%, supported by contributions from joint ventures and the strong performance of consolidated businesses. The company said growth was driven by price management, efficiency gains and acquisitions, despite adverse weather conditions in Spain and Portugal and foreign exchange headwinds, such as in Argentina.
Molins completed the acquisition of Secil at the end of March 2026, increasing its net debt to around €1.40bn. The acquisition was funded through a €680m long-term loan and a €500m bridge loan. On a 2025 pro-forma basis, the combination of Molins and Secil reaches sales of €1.6bn and adjusted EBITDA of €534m.The acquisition is expected to generate positive results from the first year, the company said.
Molins CEO Marcos Cela said “In a still uncertain global context, we have started 2026 with solid operating performance, supported by price discipline, improved efficiency and the commitment of our teams. The completion of the Secil acquisition marks the beginning of a new chapter for Molins. Our focus now is on advancing the integration rigorously, ensuring business continuity and leveraging our increased scale and a more balanced footprint to accelerate our sustainable growth agenda and long-term value creation.”