Nokian Panimo (BEER) H1 2026 earnings summary

Executive summary

• Sales volume increased by 22% year-over-year in H1 2026, with revenue up 15% and improved profitability, gaining market share and launching new product categories.

• EBITDA margin improved to 15.4% (from 14.7%), and operating profit margin to 9.8% (from 8.9%).

• Net profit was €506k, a turnaround from a €-889k loss in the prior year.

• Major €7 million investment announced to enable non-alcoholic beer production and expansion into new beverage categories.

• New launches received positive market reception, including an award for best wheat beer.

Financial highlights

• H1 2026 sales volume: 7.1 million liters, up from 5.8 million liters in H1 2025.

• H1 2026 revenue: €7,124,000, up from €6,182,000 in H1 2025.

• EBITDA: €1,100,000 in H1 2026 (15.4% margin) vs. €909,000 in H1 2025 (14.7% margin).

• Operating profit: €699k (up 28% year-over-year), margin 9.8%.

• Net profit: €506k (vs. €-889k), EPS €0.05 (vs. €-0.11).

Outlook and guidance

• Expects full-year 2026 revenue growth and EBITDA margin of 17–20%.

• Guidance supported by capacity expansion, new product launches, and cost efficiency measures.

• Long-term targets: over €20 million revenue by 2029, annual EBITDA margin above 18%, and dividend payout of 30% of net profit.