Fenix Outdoor
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Fenix Outdoor (FOI-B) investor relations material

Fenix Outdoor Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary21 Jul, 2026

Executive summary

  • Q2 2026 saw a 2.8% decrease in total income to €142.4M, with EBITDA dropping to €3.7M from €6.6M year-over-year.

  • Operating profit declined to -€11.1M from -€7.2M, and net loss widened to -€12.7M from -€10.0M.

  • The German market remained weak and price-driven, while Nordic markets showed resilience.

  • Operational issues included ERP integration problems and a change in the European business model, negatively impacting sales and costs.

Financial highlights

  • H1 2026 total income rose 1.4% to €310.9M, with EBITDA up to €26.8M from €24.6M year-over-year.

  • H1 operating profit was -€3.4M (vs. -€2.0M), and net loss improved to -€8.1M from -€9.9M.

  • Earnings per B-share for Q2 were -€0.92 (vs. -€0.72), and for H1 were -€0.56 (vs. -€0.70).

  • Cash and cash equivalents at period end were €44.0M, down from €56.0M a year earlier.

Outlook and guidance

  • Market volatility is expected to persist, with Germany remaining challenging and the Nordics and Canada showing positive trends.

  • Focus remains on cost control, operational stability, and IT system improvements.

  • North America, especially the US, is showing promising preorders for next spring.

ERP integration issues and business model impact
Strategy to counter German web shop bot attacks
North American preorder growth and US recovery
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