GR. SARANTIS S.A. (SAR.AT, SAR:GA) announces its summary of nine-month 2026 financial results.
Nine-month 2026 highlights
- Nine-month 2026 sales growth
- Sales reached €453.7m, compared with €448.5m in the nine months of 2025, an increase of 1.2%, mainly reflecting disciplined management of the Group’s portfolio.
- Strong adjusted profitability
Adjusted figures (excluding the €0.8m charge related to the sale of Polipak’s former, non-operational factory)- Adjusted EBITDA remained broadly stable at €67.8m, compared with €68.0m in the nine months of 2025, with the adjusted EBITDA margin at 14.9% (versus 15.2% in the nine months of 2025).
- Adjusted EBIT was €49.9m, compared with €51.7m in the nine months of 2025, with the adjusted EBIT margin at 11.0% (versus 11.5% in the nine months of 2025).
- A healthy balance sheet and strong financial position, with the Group’s net debt standing at €12.0m on 30 September 2026, compared with €4.9m on 30 September 2025.
- On 30 September 2026, the Group had €120.0m in committed credit facilities (€200.0m on 10 November 2026) to support future growth opportunities.
Updated 2026 outlook
The Group continues to monitor ongoing geopolitical challenges and the resulting pressure on the cost of raw materials, energy and transport. These challenges are compounded by operational and political pressures in the Romanian and Ukrainian markets, which continue to affect the Group’s performance. Against this backdrop, the Group’s full-year 2026 outlook is as follows:
- Sales are expected to reach €610m, up 1.7% on 2025
- Adjusted EBITDA is expected to be €91m, up 2.2% on 2025
- Adjusted EBIT is expected to be €67m, unchanged from 2025
Mr Yiannis Bouras (pictured), Chief Executive Officer of the Sarantis Group, said:
“During the first nine months of 2026, we continued to deliver on our strategic priorities in a challenging and constantly changing market environment. Our focus on priority categories, HERO brands and strategic portfolio management supported sales growth and an improved revenue mix, while operational excellence and disciplined cost management enabled us to maintain healthy levels of profitability.
Despite ongoing supply chain disruptions stemming from the continuing conflict in the Middle East, the Group demonstrated resilience and adaptability. At the same time, we continued to invest in future growth by expanding Carroten into selected international markets, continuing the implementation of SAP S/4HANA and making targeted investments in production, automation and recycling capabilities, further strengthening our competitiveness and operational efficiency.
Looking ahead, our priorities remain unchanged: disciplined execution of our strategy, profitable growth and long-term value creation. With a healthy balance sheet, strong liquidity and a committed team, we remain confident in the Group’s ability to seize future opportunities and create sustainable value for our shareholders and stakeholders.”
Sarantis Group performance – Adjusted figures1
| €m | 9M 2026 | 9M 2025 | Δ |
|---|
| Sales | 453.7 | 448.5 | 1.2% |
| Adjusted EBITDA2 | 67.8 | 68.0 | (0.3%) |
| Adjusted EBITDA margin | 14.9% | 15.2% | -22bps |
| Adjusted EBIT | 49.9 | 51.7 | (3.5%) |
| Adjusted EBIT margin | 11.0% | 11.5% | -52bps |
| Net debt | 12.0 | 4.9 | |
1 The adjusted financial figures exclude a charge of €0.8m related to the sale of Polipak’s former, non-operational factory on 25 June 2026, which was recognised in the reported results for the period.
2 EBITDA: Alternative Performance Measure, as defined in paragraph 2.9 of the Half-Year Financial Report for the period 01.01.2026 – 30.06.2026