)
MARR (MARR) investor relations material
MARR Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total consolidated revenues reached €1,019.5m in H1 2026, up from €994.8m in H1 2025, with Q2 2026 revenues at €593.5m versus €585.6m in Q2 2025.
Operating profitability improved at the gross margin level, but higher transportation, logistics, and energy costs, along with logistics redesign, offset gains.
Net income declined to €3.9m in H1 2026 from €12.6m in H1 2025, and to €10.5m in Q2 2026 from €15.3m in Q2 2025.
July sales increased across all client segments, keeping sales and gross margin on track with annual growth targets.
Financial highlights
EBITDA for H1 2026 was €39.1m, down from €47.6m in H1 2025; EBIT was €16.8m versus €27.2m.
Q2 2026 EBITDA and EBIT were €31.7m and €19.3m, respectively, versus €37.7m and €26.3m in Q2 2025.
Net debt (pre-IFRS 16) as of June 30, 2026, was €268.9m, up from €206.8m a year earlier, impacted by investments, buy-backs, and dividends.
Gross margin improvement was confirmed, but service and personnel costs rose due to logistics and energy.
Free cash flow for H1 2026 was negative €52.7m, compared to negative €29.2m in H1 2025.
Outlook and guidance
July sales growth across all segments supports alignment with full-year growth targets.
Positive expectations for the Italian tourism sector in summer 2026, with anticipated growth in foreign visitors and extended seasonality.
Management remains focused on market presence, profitability, and high service levels during the peak summer period.
- 2025 revenues rose to €2,127.4m, with growth driven by logistics upgrades and market expansion.MARR
Investor presentation4 Aug 2026 - Revenue rose to €426.0M but profit fell on higher costs and net debt increased.MARR
Q1 202626 May 2026 - EBITDA and EBIT rose despite lower revenues, with net profit at €17.5m and stable outlook.MARR
Q2 202413 May 2026 - Slight declines in revenue and profit offset by margin gains and resumed sales growth in October.MARR
Q3 202413 May 2026 - Q1 2025 saw lower revenues, higher costs, net loss, and increased debt amid logistics investments.MARR
Q1 202513 May 2026 - Revenue and sales grew modestly in FY 2024, but margins declined due to higher costs.MARR
Q4 202413 May 2026 - Revenue up, profit and margins down on new platform costs; net debt rises, core sales resilient.MARR
Q2 202513 May 2026 - Revenue rose, but profitability fell as costs and investments increased.MARR
Q3 202513 May 2026 - Revenue grew slightly in FY 2025, but profitability declined amid operational changes.MARR
Q4 202513 May 2026
Next MARR earnings date
Next MARR earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)