Norway: BEWI recorded sales of €199m in the first quarter of 2026, up by 6% year-on-year from first-quarter 2025 levels. Group earnings before interest, taxation, depreciation and amortisation (EBITDA) of €22.2m, up by 43%. The producer's Insulation & Construction segment contributed 50% of sales, at €99.5m, down by 2% year-on-year. Its EBITDA remained level year-on-year at €8.3m.
During the quarter, BEWI opened a new expanded polystyrene (EPS) recycling line at its Fredrikstad insulation plant in Norway. The group adjusted its insulation capacity utilisation and expenditure amidst an on-going construction industry downturn and high inflation. It intensified measures to increase operational efficiency and price and margin management across all units. Additionally, BEWI initiated extra price adjustments to cover ‘rapid and high fluctuations’ in raw materials and energy costs. It now expects ‘further profitability increases’ based on its current volumes.
