Bera (BERAHF) Q1 2027 earnings summary

Executive summary

• Consolidated sales increased by 14.9% year-over-year in Q1 2026, driven by the addition of Gæðabakstur and Kjarnavörur to the group.

• EBITDA rose 26% to 1,225 million ISK, with net profit after tax up 5% to 398 million ISK compared to Q1 2025.

• The integration of new subsidiaries broadened the revenue base and diversified the customer portfolio.

Financial highlights

• Revenue reached 13,342 million ISK, up 15% year-over-year.

• EBITDA margin improved, with EBITDA at 1,225 million ISK versus 970 million ISK last year.

• EBIT increased 25% to 839 million ISK; net profit after tax was 398 million ISK, up from 379 million ISK.

• Positive turnaround in export operations, with Iceland Spring and Collab export EBITDA up by 114 million ISK year-over-year.

Outlook and guidance

• Full-year EBITDA guidance remains unchanged at 6,100–6,500 million ISK.

• Management is optimistic about summer trading, citing a strong start to the current quarter.