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Saga Furs (SAGCV) investor relations material
Saga Furs H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Record-breaking auction sales drove significant increases in revenue and profit for the period 1.11.2025–30.4.2026.
Strong demand and price increases for mink and fox pelts, with auction prices up 76% and 40% year-over-year, respectively.
Auction sales value more than doubled to €227 million compared to €101 million in the prior year period.
Business performance reflects renewed market confidence and a return to sustainable price levels for producers.
Financial highlights
Revenue rose 56% year-over-year to €21.1 million (from €13.6 million).
Operating profit improved to €1.4 million (from a €3.4 million loss year-over-year).
Net profit before taxes was €2.4 million (compared to a €1.9 million loss year-over-year).
Earnings per share increased to €0.54 (from -€0.72 year-over-year).
Cash and cash equivalents at period end were €54.6 million (up from €35.3 million year-over-year).
Outlook and guidance
Two auctions planned for the second half of the fiscal year, with the first starting 26.6.2026.
Full-year auction sales, revenue, and profit are expected to be significantly higher than the previous year.
Market sentiment is cautiously optimistic, but auction outcomes remain dependent on multiple factors.
- Revenue up, profit before tax rises, but brokered sales value and operating profit decline.SAGCV
H2 202527 Mar 2026 - Revenue and profit fell on lower auction volumes, but liquidity and financial position remain strong.SAGCV
H1 202526 Jun 2025 - Auction sales and revenue fell despite higher mink pelt prices and strong demand.SAGCV
H1 202413 Jun 2025 - Lower volumes and profit offset by strong mink prices and robust balance sheet.SAGCV
H2 20246 Jun 2025
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