Kopparbergs (KOBR) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of 2026 reached 1,235.5 MSEK, up from 1,207.5 MSEK year-over-year.

• EBITDA for the half-year was 163.7 MSEK, compared to 152.4 MSEK in 2025.

• Net income for the half-year was 106.3 MSEK, up from 70.7 MSEK year-over-year.

• Growth driven by increased sales volumes, especially in the UK pub segment during the football World Cup.

• Mixed Pack and non-alcoholic cider variants continued positive development.

Financial highlights

• Q2 2026 net sales were 756.2 MSEK, up from 735.1 MSEK in Q2 2025.

• Q2 EBITDA was 116.5 MSEK, up from 107.7 MSEK year-over-year.

• Earnings per share for the half-year were 5.16 SEK (3.43 SEK in 2025); Q2 EPS was 3.70 SEK (3.13 SEK in 2025).

• Result before tax for the half-year was 136.0 MSEK, up from 95.9 MSEK.

• Investments for the period totaled 19.9 MSEK, down from 22.1 MSEK year-over-year.

Outlook and guidance

• Continued focus on expanding cider taps in UK pubs and maintaining strong positions in key markets.

• Sales on tourist markets like Cyprus declined due to global uncertainties, but less than expected.

• Stable sales in Spain, Greece, Malta, Ireland, and Australia; Swedish market performance in line with plan.