Cabka Group said on Wednesday it delivered a first-half profit for 2026, driven by a 50% year-over-year increase in adjusted EBITDA to €120 million. The plastics recycler attributed the gain to stronger sales volumes and improved pricing across its sustainable packaging materials segment.
The company, majority-owned by private equity firm Astorg, operates in Europe and North America, producing recycled polypropylene and polyethylene for industrial and consumer applications. Cabka noted that demand remained robust in key end-markets, including automotive and consumer goods, supporting its pricing strategy.
Cabka’s H1 2026 revenue rose 22% to €380 million, with operating cash flow increasing 35% to €85 million. The group said it maintained its capital expenditure plans at €45 million for the year, focused on expanding recycling capacity and upgrading technology.
Management highlighted ongoing regulatory tailwinds, including the European Union’s Single-Use Plastics Directive, as a structural driver for recycled content demand. Cabka also reiterated its medium-term target of achieving EBITDA margins above 20%, up from 16% in H1 2026.
Astorg retained a majority stake in Cabka following its 2021 buyout, and the firm has since pursued bolt-on acquisitions to bolster geographic coverage and product lines.
