Gr Sarantis (SAR) Q1 2026 TU earnings summary

Executive summary

• Net sales for Q1 2026 rose 3.7% year-over-year to €147.1m, driven by a favorable sales mix and seasonal factors, notably suncare and Easter timing.

• EBITDA increased 19.9% to €23.3m, with margin expansion to 15.8%, reflecting operational efficiency and cost discipline.

• EBIT grew 18.2% to €17.5m, with margin up to 11.9%, supported by higher-margin categories and ongoing cost efficiencies.

• Strategic initiatives advanced, including SAP S/4HANA rollout in new countries and supply chain investments yielding benefits.

• International expansion continued, with focus on the Carroten brand and US market.

Financial highlights

• Net sales reached €147.1m in Q1 2026, up from €141.9m in Q1 2025.

• EBITDA rose to €23.3m from €19.4m, with margin up 214bps to 15.8%.

• EBIT increased to €17.5m from €14.8m, with margin up 147bps to 11.9%.

Outlook and guidance

• Management remains confident in delivering profitable growth for 2026, citing disciplined execution and ongoing strategic investments.

• Continued vigilance to geopolitical and macroeconomic risks is emphasized.