FRoSTA (NLM) H1 2026 earnings summary

Executive summary

• Revenue rose 11.7% year-over-year to EUR 368m in H1 2026, driven by strong brand growth.

• Net profit reached EUR 18.2m, slightly above the prior year, with a net margin of 4.9%.

• Investments in production capacity and marketing supported growth but led to one-off costs.

• Working capital and cash flow remained stable, maintaining a solid balance sheet and 60.7% equity ratio.

Financial highlights

• Sales increased to EUR 368.4m from EUR 329.9m year-over-year (+11.7%).

• Net profit rose to EUR 18.2m from EUR 17.7m (+2.4%).

• Operating profit improved to EUR 25.0m from EUR 23.7m (+5.5%).

• Gross profit grew to EUR 177.9m from EUR 169.1m (+5.2%).

• Cash funds at period end were EUR 83.2m, down from EUR 110.1m at prior half-year.

Outlook and guidance

• Full-year 2026 revenue growth expected between 9% and 17%.

• Group net profit forecasted at 5% to 8% of revenue.

• Demand for branded products remains strong despite economic and geopolitical uncertainties.