Grigeo (GRG1L) Q1 2026 earnings summary

Executive summary

• Revenue rose by EUR 18.4 million (31%) year-over-year to EUR 77.5 million for the first three months of 2026, mainly due to the acquisition of Huchtemeier Papier GmbH.

• EBITDA declined by EUR 1.6 million (21%) and profit before tax dropped by EUR 2.1 million (46%) compared to the same period last year.

Financial highlights

• Revenue: EUR 77.5 million (up 31% year-over-year).

• EBITDA: EUR 5.9 million (down 21% year-over-year).

• Profit before tax: EUR 2.4 million (down 46% year-over-year).

• Net profit: EUR 2.3 million (down from EUR 4.5 million year-over-year).

• Gross margin decreased to 16.3% from 19.8% year-over-year.

• Earnings per share: EUR 0.018 (down from EUR 0.034 year-over-year).

Outlook and guidance

• Profitability was negatively impacted by rising energy and raw material prices, especially in the tissue paper and wood products segments.

• Management expects continued market challenges due to energy costs and geopolitical uncertainties.