Grigeo (GRG1L) Q2 2026 earnings summary

Executive summary

• Revenue rose by EUR 38.5 million (33%) year-over-year for the six months ended 30 June 2026, reaching EUR 155.2 million.

• EBITDA declined by EUR 1.5 million (10%) to EUR 14.2 million, and profit before tax (EBT) fell by EUR 2.6 million (27%) to EUR 7.1 million.

• Growth in the tissue paper segment was driven by the acquisition of Huchtemeier Papier GmbH, while profitability was impacted by rising energy costs.

Financial highlights

• Net profit for the period was EUR 6.3 million, down from EUR 9.1 million year-over-year.

• Gross margin decreased to 18.2% from 21.0% year-over-year.

• Adjusted EBITDA for the period was EUR 14.2 million, compared to EUR 15.8 million in the prior year.

• Earnings per share were EUR 0.047, down from EUR 0.069 year-over-year.

• Dividends paid during the period totaled EUR 6.6 million.

Outlook and guidance

• The tissue paper segment is expected to continue benefiting from the integration of Huchtemeier Papier GmbH.

• Ongoing market challenges and high energy prices are anticipated to pressure margins across segments.