Cantourage Group (HIGH) Q2 2026 earnings summary

Executive summary

• EBITDA increased by 45% year-over-year in Q2 2026, reaching EUR 2.9 million, despite a 21.9% decline in revenue to EUR 21.8 million.

• Strategic focus on high-margin premium products in Germany improved earnings quality.

• International markets, especially the United Kingdom and Poland, showed strong growth and now contribute over half of total revenue.

Financial highlights

• Gross margin rose from 28.5% to 36.4% year-over-year in Q2 2026.

• EBITDA margin improved from 7.0% to 13.1%.

• Net cash position increased to EUR 9.3 million as of June 30, 2026, up from EUR 1.9 million a year earlier.

• Equity ratio stood at 71.3% at the end of Q2 2026.

Outlook and guidance

• The business model is described as internationally scalable, with a strong foundation for further European expansion.