Hernö Gin (HERNO) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 reached 12.4 MSEK, up from 11.1 MSEK year-over-year, driven by the first full quarter of operations at the new Gin Bar in Gothenburg.

• Visitor business doubled its turnover to 6.9 MSEK, while gin sales declined to 5.5 MSEK due to weaker demand in Sweden and export markets.

• The company celebrated its 15th anniversary with special events and product launches, including Hernö Artisan XV.

Financial highlights

• Net sales increased by 12% year-over-year to 12.4 MSEK.

• EBITDA was 0.4 MSEK, down from 2.3 MSEK in Q1 2025.

• Result before tax was 0.1 MSEK, compared to 2.3 MSEK in the previous year.

• Visitor business contributed 6.9 MSEK, up from 3.9 MSEK, while gin sales dropped from 7.1 MSEK to 5.5 MSEK.

• Number of bottles sold fell to 39,082 from 59,968 year-over-year.

Outlook and guidance

• The company maintains its strategy of investing in brand, relationships, and experiences despite market challenges.

• Focus remains on long-term growth, selective international expansion, and strengthening market presence.