Cantourage Group (HIGH) Q3 2026 earnings summary

Executive summary

• Q3 2026 EBITDA rose to €1.9m from €-2.2m YoY; revenue was €19.9m vs. €20.3m, while gross margin expanded to 35.3% from 18.1%.

• International markets contributed more than half of Q3 revenue, helping diversify exposure as German pricing pressure intensified.

Financial highlights

• Q3 revenue €19.9m vs. €20.3m YoY; gross margin 35.3% vs. 18.1%.

• Q3 EBITDA €1.9m vs. €-2.2m YoY; EBITDA margin 9.5% vs. -11.0%.

• 9M 2026 revenue €62.3m, EBITDA €6.8m and EBITDA margin 10.9%.

Outlook and guidance

• Financial position provides flexibility to further develop the product portfolio and expand international presence.

• Higher-margin products and European market diversification remain central to improving earnings quality and resilience.