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Harboes Bryggeri
Harboes Bryggeri (HARB) investor relations material
Harboes Bryggeri Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary25 Mar, 2026
Executive summary
3rd quarter showed continued growth in Beverages Denmark and Ingredients, but overall results missed expectations due to lower export sales and higher maintenance and project costs.
Strategic focus remains on own brands, cost adjustments in Germany, and investments in supply chain efficiency.
Geopolitical uncertainty, especially in the Middle East, is impacting order intake and freight costs.
Financial highlights
Net revenue for Q3 fell 8% to 399 mDKK; for the first nine months, revenue declined 7% to 1,306 mDKK year-over-year.
Q3 EBITDA was 22 mDKK (down from 29 mDKK last year); nine-month EBITDA was 99 mDKK (down from 123 mDKK).
Result before tax for Q3 was -1 mDKK (vs. 8 mDKK last year); for nine months, 30 mDKK (vs. 58 mDKK last year).
EBITDA margin in Q3 was 5.5% (vs. 6.8% last year).
Free cash flow after nine months was 10 mDKK, up from -81 mDKK last year.
Outlook and guidance
Full-year 2025/26 guidance narrowed to EBITDA of 130–140 mDKK and pre-tax profit of 30–40 mDKK.
Ongoing uncertainty due to geopolitical risks and volatile freight costs.
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Latest events from Harboes Bryggeri
- Own brands and Ingredients growth offset lower private label sales; EBITDA margin at 7.8%.HARB
Q4 202512 Mar 2026 - Revenue down 6% and EBITDA down 18% as focus shifts to own brands and Danish growth.HARBQ2 202618 Dec 2025
- Revenue down 8% as focus shifts to own brands, with Danish growth offsetting German decline.HARBQ1 202624 Sep 2025
- Strong H1 growth, margin improvement, and focused investments support a positive outlook.HARBQ2 202513 Jun 2025
- Q1 revenue and profit rose, driven by Denmark and export, with guidance unchanged.HARBQ1 202513 Jun 2025
- Harboe delivered strong revenue and earnings growth, with a positive outlook for 2024/25.HARBQ4 202413 Jun 2025
- Q3 revenue up 3%, but margin pressure leads to lower full-year outlook.HARBQ3 20255 Jun 2025
Next Harboes Bryggeri earnings date
Q4 202625 Jun, 2026
Harboes Bryggeri
Next Harboes Bryggeri earnings date
Q4 202625 Jun, 2026
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