B&C Speakers’ Revenue Falls to €66.4 Million in First Nine Months of 2026
Key Facts
B&C Speakers reported consolidated revenue of €66.4 million in the first nine months of 2026, compared with €75.6 million in the same period of 2025, according to a Borsa Italiana report published on November 11. The figures cover the first nine months and do not represent third-quarter sales alone. EBITDA fell to €12.4 million from €16.5 million. Its margin also narrowed to 18.7% from 21.9%. Group net profit was €7.9 million, compared with €9.3 million a year earlier, reflecting declines in both revenue and profitability.
The report said cash flow from operating activities reached €10.9 million in the first nine months of 2026, up from €10.2 million in the same period of 2025. This figure shows a different trend from revenue and earnings, improving year on year over the same period. Operating cash flow therefore posted a positive comparison, despite declines in consolidated revenue, EBITDA and net profit. The available information in the report gave no explanation for the divergence between cash flow and earnings. The figures provided also do not include a separate estimate for third-quarter sales.
In trading on November 11, Borsa Italiana’s price table showed the company’s shares down 4.52% at 15:50:21. This reading captures the share price movement at a specific time during that day’s session. The figures provided did not establish another share decline for that date. The report also offered no evidence directly linking the price movement to the declines in revenue or earnings, so the cause of the fall cannot be determined from this information alone. The market performance remains separate from the nine-month results, which showed year-on-year declines in revenue and profitability.
First-quarter results provide earlier context for revenue trends in 2026: revenue was €24.846 million in the first quarter, compared with €25.830 million in the first quarter of 2025. In its interim report issued in March, the company said international geopolitical and trade tensions continued to reduce visibility, and that customers had become more cautious in planning future orders. It said many in the sector viewed weak demand as temporary and expected a gradual return to normal levels in the second half of 2026. That was an expectation stated in the March report, not a confirmed outcome in the current data. The earlier forecast places the new figures in the context of the slowdown the company described earlier in the year.
On its financial position, the company said it had a positive net financial position, meaning net cash, of €1.4 million at March 31, 2026, compared with a negative position of €0.2 million at the end of 2025. This figure relates to the end of March and does not represent a balance on the date the nine-month results were announced. The expectation of a gradual recovery in demand in the second half of the year appeared in the March report, while the available information includes no update or new forecast from the company. The period’s picture thus combines year-on-year declines in revenue and earnings with improved operating cash flow over the nine months, alongside earlier data on demand and the financial position.