Hernö Gin (HERNO) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 13% YoY to SEK 14.7M, led by visitor operations; gin sales and bottle volumes were slightly below prior year.

• YTD sales increased 23% to SEK 42.4M, while YTD profit before tax declined to SEK 4.1M from SEK 5.6M, reflecting costs tied to the Göteborg bar launch.

Financial highlights

• Q3 gross profit was SEK 11.8M vs SEK 10.1M; EBITDA was SEK 2.6M in both periods.

• Q3 operating income was SEK 1.8M vs SEK 2.1M; net income was SEK 1.8M vs SEK 2.1M.

• YTD operating income was SEK 2.2M vs SEK 3.9M; net income was SEK 3.2M vs SEK 4.4M.

• Q3 bottle sales were 53,290 vs 58,415; YTD volume was 164,212 vs 165,657.

Outlook and guidance

• Marketing investment and brand presence will increase in Sweden, selected export markets and border trade to reach more gin consumers.

• Q4 priorities include developing the Göteborg bar and attracting more visitors to bars, gin weekends, the hotel and distillery.

• Current production capacity can support a tripling of output; international expansion is selective, long-term and focused on profitability and strong partners.