Celsa Group closes the first half of 2026 with a net profit of €50.7 million, after years of losses. Its shareholders have tasked investment banks with evaluating a sale, a merger, or an IPO.
The steelmaker Celsa Group has achieved a net profit of €50.7 million up to June, allowing it to emerge from the red. According to industrytalks.es, the company, based in Castellbisbal (Barcelona), has asked leading international investment banks for proposals to exit its current ownership.
According to the information, the board of directors has sent requests for proposals to these entities, which must present options such as a sale, a merger, or an IPO within a week. The decision has been confirmed by the chairman, Rafael Villaseca, and the CEO, Jordi Cazorla. The creditor funds currently controlling the company are Strategic Value Partners (SVP), Attestor, Golden Tree, and Cross Ocean, who are seeking to recover the credits injected during the restructuring.
The group's revenue reaches €1.786 billion in the first half of 2026. The company has not published the turnover for the first half of 2025, but based on its margins, an increase of nearly 4% is estimated compared to the same period last year. The adjusted EBITDA rises by 29%, to €288 million, and the sales margin stands at 16%, three points higher than in 2025.
The senior net debt has stabilised at €1.134 billion, with a leverage ratio of 2.3 times EBITDA. In November 2023, before the restructuring, the debt was €3.689 billion with a ratio of 8.4 times. At the end of 2025, the company issued bonds worth €1.2 billion maturing in five years, and in 2024 sold its divisions in the UK and Nordic countries to Sev.en Global Investments, owned by entrepreneur Pavel Tykač, for around €600 million.
Celsa also maintains its investment plan. In the first half of 2026, it has invested €67 million and approved another €32 million for a new special steel rolling line in A Laracha (A Coruña). Additionally, it has launched a rebar production centre in Miranda de Ebro (Burgos), with an initial capacity of 8,000 tonnes per year.
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