Spain: In the first nine months of 2026, Molins reported that sales reached €1.2bn, up by 65% year-on-year. It said that performance was driven by pricing discipline and the contribution from acquisitions, which offset the adverse impact of foreign exchange fluctuations, particularly in Argentina. On a like-for-like basis, excluding the impact of hyperinflation in Argentina and Türkiye, sales increased by 13%.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) was €280m, up by 92% year-on-year. On a like-for-like basis, EBITDA increased by 15%, supported by pricing discipline and operational efficiency initiatives despite an inflationary environment, particularly in energy, fuel and freight costs.
At regional level, Europe delivered sales growth, supported by pricing discipline and the contribution from acquisitions, amid cost pressures. South America maintained a strong operating performance despite adverse foreign exchange impacts, while Africa operated in a ‘challenging competitive’ environment. Joint ventures continued to make a ‘significant’ contribution to the group’s results, which it said was driven by a strong performance in Mexico and positive momentum in Colombia. It said that the global environment is marked by geopolitical uncertainty and cost inflation.