Atlantic Grupa (ATGR) Q3 2026 earnings summary

Executive summary

• 9M 2026 sales rose 9.5% YoY to €962.6m; normalized EBITDA increased 18.2% to €103.4m and normalized net profit rose 32.9% to €42.0m.

• Stronger gross margin and prudent cost management supported double-digit profitability growth despite higher employee investment and marketing spend.

• 2026 guidance was raised: normalized EBITDA expected to exceed €125m, with a continued increase in EBITDA margin.

Financial highlights

• Turnover reached €973.9m, up 9.4% YoY; sales were €962.6m, up 9.5%.

• EBITDA was €108.6m, up 23.0% reported and 18.2% excluding one-off items; EBIT was €66.7m, up 34.9% reported and 26.3% excluding one-offs.

• Net profit was €46.0m, up 42.2% reported and 32.9% excluding one-offs; normalized net income was €42.0m versus €31.6m.

• Basic and diluted EPS were €3.46 for 9M 2026, versus €2.44 in 9M 2025.

Outlook and guidance

• FY 2026 sales are expected to reach ~€1.3bn; normalized EBITDA is forecast to exceed €125m, with a continued increase in EBITDA margin.

• FY 2026 capex is expected at ~€50m, revised from >€60m; part of the Smoki facility investment will move to later periods as permits for the new central warehouse are pursued.

• Priorities include leadership and profitability, selective portfolio and market expansion, productivity, digital transformation, employee care and sustainable business practices.