Kopparbergs
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Kopparbergs (KOBR) investor relations material

Kopparbergs 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 summary19 Aug, 2026

Executive summary

  • Net sales for the first half of 2026 reached 1,235.5 MSEK, up from 1,207.5 MSEK year-over-year.

  • EBITDA for the half-year was 163.7 MSEK, compared to 152.4 MSEK in 2025.

  • Net income for the half-year was 106.3 MSEK, up from 70.7 MSEK year-over-year.

  • Growth driven by increased sales volumes, especially in the UK pub segment during the football World Cup.

  • Mixed Pack and non-alcoholic cider variants continued positive development.

Financial highlights

  • Q2 2026 net sales were 756.2 MSEK, up from 735.1 MSEK in Q2 2025.

  • Q2 EBITDA was 116.5 MSEK, up from 107.7 MSEK year-over-year.

  • Earnings per share for the half-year were 5.16 SEK (3.43 SEK in 2025); Q2 EPS was 3.70 SEK (3.13 SEK in 2025).

  • Result before tax for the half-year was 136.0 MSEK, up from 95.9 MSEK.

  • Investments for the period totaled 19.9 MSEK, down from 22.1 MSEK year-over-year.

Outlook and guidance

  • Continued focus on expanding cider taps in UK pubs and maintaining strong positions in key markets.

  • Sales on tourist markets like Cyprus declined due to global uncertainties, but less than expected.

  • Stable sales in Spain, Greece, Malta, Ireland, and Australia; Swedish market performance in line with plan.

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Frequently asked questions

Kopparbergs Bryggeri is a Swedish brewery in Kopparberg. It has been owned by Carlsberg since 1984, but since 2007 it has been managed as a separate business while remaining part of the Carlsberg Group. The Kopparberg brewery is most famous for its traditional fruit ciders which are unlike many other sweeter or fizzy ciders available in the UK and Ireland such as those made by Strongbow, Bulmers and Magners.