Decora (DCR) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was PLN 548.455m vs PLN 498.714m; net income was PLN 58.307m vs PLN 61.047m YoY.

• Q3 revenue rose to PLN 189.463m from PLN 173.181m, while operating profit and net income declined YoY to PLN 25.265m and PLN 18.922m.

Financial highlights

• 9M gross profit was PLN 221.744m vs PLN 205.751m; operating profit was PLN 76.739m vs PLN 76.809m.

• 9M EBITDA reached PLN 101.473m vs PLN 97.862m; pretax profit was PLN 74.116m vs PLN 75.652m.

• Q3 gross profit was PLN 72.459m vs PLN 72.961m; net income was PLN 18.922m vs PLN 22.340m.

• 9M operating cash flow was PLN 37.194m vs PLN 76.424m; investing cash outflow was PLN 39.776m vs PLN 28.709m.

Outlook and guidance

• For Q4 2026 and 2027, demand recovery remains uncertain; higher inflation and financing costs may further delay renovation and fit-out market recovery.

• Performance will depend on FX movements, demand, consumer preferences, key-staff retention, R&D investment and control of materials, energy, wage and transport costs.

• Rising input costs may be difficult to pass through to customers amid competition and limited pricing flexibility.