Viscofan has initiated a new share buyback programme for a maximum cash amount of €40 million or up to 680,000 shares, representing 1.46% of the share capital, within the framework of its optional dividend programme. The purpose of the Buyback Programme is to reduce the Company’s share capital through the cancellation of treasury shares acquired under the plan.
The programme will run until no later than 31 December 2025.
The Company has appointed Kutxabank Investment as the independent manager of the programme, which will be executed in accordance with the trading restrictions established by current regulations under Delegated Regulation (EU) 2016/1052.
Kutxabank Investment’s brokerage team will execute the share purchases, with this new mandate representing another step forward in the expansion of Kutxabank Investment’s corporate services for listed companies.
This initiative forms part of the second edition of the optional dividend programme “Viscofan Retribución Flexible”, which will involve a share capital increase followed by a corresponding reduction to avoid shareholder dilution.
Viscofan is a Spain-based multinational specialised in the production of artificial casings for the food industry, primarily serving the meat sector. Founded in 1975, the Company has achieved significant growth over the years, expanding its global footprint with production plants in more than 30 countries and distributing its products in over 100 markets.
The Company is recognised for its advanced technology in collagen, cellulose, and plastic casings, as well as for its strong focus on R&D to deliver innovative solutions to its clients.
As of 1H25, Viscofan reported revenues of €618 million, up +4.3% vs. 1H24, with growth across all technologies and geographies. EBITDA reached €145 million, an increase of +10% vs. 1H24, with margin expansion to 23.5%, supported by improved cost efficiencies.
Net financial debt stood at €228 million, impacted by higher working capital requirements (€74 million), dividend payments (€170 million), and increased CAPEX (€40.5 million).
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