StocksMedium•4 November 2026•
1 min read
Mixed European Q3 Results as Industrie De Nora Raises Margin Guidance
Key Facts
1Industrie De Nora raised its 2026 adjusted EBITDA margin guidance to a range of 19% to 20%.
2Alfen reported a 4.8% year-over-year revenue decline in Q3 while maintaining its full-year outlook.
3Cloetta achieved its mid-term profitability target ahead of schedule alongside Q3 organic sales growth.
Industrie De Nora raised its adjusted EBITDA margin guidance for 2026 to a range of 19% to 20%. Benzinga reported that the update coincided with Cloetta achieving its mid-term profitability target ahead of schedule, driven by organic sales growth during the third quarter.
Alfen reported a 4.8% year-over-year revenue decline in the third quarter but maintained its full-year outlook according to company statements. Meanwhile, Industrie De Nora was trading at 5.535 euros on November 4, 2026, down 0.36%, despite its order backlog reaching a three-year high of 723.1 million euros.