Continued losses at AUKO and FOSCAR
AUKO and FOSCAR continue to incur losses, with AUKO's loss before tax widening to €2.7 million in Q3 FY26. Management is evaluating options, including potential divestment.
CARBORUNIV / Q3-FY26 / risks
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Carborundum Universal · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Project delays in US ceramics market
Ceramics growth is impacted by project delays in the US due to tariff uncertainty, leading to muted 9-month standalone growth of 1.7%.
VAW sanctions impact
VAW sales dropped 46% YoY due to US sanctions imposed in January 2025, with no clear timeline for resolution.
FOSCAR price pressure from Chinese competition
FOSCAR faces significant price pressure from Chinese competitors, with realizations down 13% despite volume growth of 22%.