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Edge14 Aug 2026
Deutsche Qualität: The Story of Birkenstock
From an 18th-century German shoemaker to a global footwear brand, how Birkenstock turned an orthopedic insole into the world's most popular sandal.
VRG
VRG (VRG) investor relations material
VRG Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary20 Aug, 2026
Executive summary
Net sales for H1 2026 reached PLN 293.1m, up 3.8% year-over-year, with notable growth in online and own-store channels, achieved on a reduced retail footprint, indicating improved sales efficiency.
EBITDA rose to PLN 46.5m from PLN 32.4m year-over-year, and net profit improved to PLN 6.5m from a loss of PLN 1.9m in H1 2025.
The company maintained a strong cash position, with cash and equivalents at PLN 36.8m at period end.
Financial highlights
Revenue increased to PLN 293.1m from PLN 282.5m year-over-year.
EBITDA margin improved, with EBITDA at PLN 46.5m (15.9% margin) vs. PLN 32.4m (11.5%) year-over-year.
Net profit reached PLN 6.5m, reversing a net loss of PLN 1.9m in H1 2025.
Operating cash flow was PLN 22.4m, down from PLN 29.8m year-over-year.
Dividend of PLN 0.05 per share declared from retained earnings.
Outlook and guidance
Key risks include geopolitical tensions, inflation, currency volatility, and consumer caution.
Positive drivers: expanding product offer, marketing automation, cost efficiency, and online channel growth.
Management expects continued market volatility but sees opportunities in premium and omnichannel segments.
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Latest events from VRG
- Revenue up 21.4%, EBITDA higher, but net profit negative due to Lilou acquisition costs.VRG
Q1 2026 - Strong revenue and profit growth in 4Q25, with continued expansion and improved efficiency.VRGQ4 2025
- Revenue and profit up double digits, Lilou acquisition and retail network optimization progress.VRGQ3 2025
- Revenue and profit rose, Lilou was acquired, and profit was retained for growth investments.VRGQ2 2025
- Revenues up 3.5% YoY, net profit down 21.7%, jewellery and e-commerce drive growth.VRGQ3 2024
- Revenue grew but net profit fell 40% as apparel lagged and costs increased.VRGQ2 2024
- Double-digit revenue and EBIT growth in 4Q24, with strong outlook for 2025.VRGQ4 2024
- Net profit surged 171.5% YoY in 1Q25, with profits retained for investment.VRGQ1 2025
Next VRG earnings date
Q3 202626 Nov, 2026
VRG
Next VRG earnings date
Q3 202626 Nov, 2026
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Amina0781App Store
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@theshortbearx.com
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