India, Oct. 28 -- Befesa SA (BFSA.DE), a specialist in the recycling of steel dust and aluminum residues, Wednesday raised its 2026 adjusted EBITDA guidance, reflecting an expected U.S. production tax credit for its zinc refining operations in North Carolina.
On Xetra, Befesa shares were up nearly 9% at €36.05.
The company now expects full-year adjusted EBITDA of €286 million to €296 million, including an anticipated €26 million contribution from the U.S. credit. Excluding the credit, the guidance is narrowed to €260 million - €270 million from the previous forecast of €250 million - €270 million.
Including the expected grant, the company forecasts earnings per share above €2.90. Excl...