Dellia (DELIA) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached NOK 214.4 million, up 76% year-over-year, driven by expanded distribution, strong demand, and new product launches, marking the highest quarterly revenue in company history.

• Gross profit rose 94% to NOK 72 million, with gross margin improving to 33.6% from 30.5% last year, aided by logistics optimization.

• EBIT increased 32% to NOK 20.4 million, with EBIT margin at 9.5%, impacted by higher air freight, marketing, and organizational costs.

• Record 5.5 million consumer packs sold out of store in Q1 2026.

• Company is transforming into a vertically integrated international snacking platform, focusing on brand building, organizational scale, and Kirirom integration.

Financial highlights

• Revenue grew 76.4% year-over-year to NOK 214.4 million.

• Gross profit: NOK 72.0 million, up 94.2% year-over-year; gross margin 33.6%.

• EBIT: NOK 20.4 million, up 32.5% year-over-year; EBIT margin 9.5%.

• Net profit after tax: NOK 14.3 million, up 42% year-over-year.

• Cash at end of period: NOK 237.1 million, down from NOK 263.7 million at year-end due to dividend payments.

Outlook and guidance

• Organization build-out to be completed by end of 2026, with operating leverage expected from 2027.

• Revenue target for 2026 remains NOK 900–950 million.

• Kirirom transaction expected to close in Q3 2026, after which consolidated guidance will be updated.

• Commercial launch in 500 REWE stores (Germany) planned for late June 2026.

• Continued investment in brand, marketing, and organizational capacity to support future growth.