Overview

• Denmark beverage producer's 2025/26 revenue fell due to lower private label sales in Germany

• EBITDA declined, mainly from higher administrative costs tied to new ERP system

• Pretax profit was DKK 38 mln, matching most recent company outlook

Outlook

• Harboes expects 2026/27 EBITDA of DKK 130–160 mln

• Company sees 2026/27 profit before tax between DKK 30 mln and DKK 60 mln

• Company says geopolitical and economic factors are creating uncertainty in its operating environment

Result Drivers

• LOWER PRIVATE LABEL SALES - Revenue decline was mainly due to lower private label sales in Germany

• HIGHER ADMINISTRATIVE COSTS - EBITDA declined mainly from higher administrative costs, most relating to new ERP system

• GEOPOLITICAL AND MARKET HEADWINDS - Intense competition, unpredictable input costs, and geopolitical unrest dampened export orders, especially to the Middle East

Company press release: ID:nGNEXMDCg

Key Details

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