Gr. Sarantis SA (STU:SSA1)

Half Year 2026 Gr Sarantis SA Earnings Call Transcript

Sep 9, 2026 / 01:00 PM GMT

Release Date Price: €12.84 (-4.75%)

Transcript

Key Points

Positve

Gr. Sarantis SA (LTS:0IIO) reported a 1.3% increase in net sales, with underlying EBITDA growing by 0.4% to $48.5 million, demonstrating resilience despite a challenging environment.
The company's digital transformation is on track, with SAP implementations completed in most countries and only Poland remaining for 2027, which is expected to drive future efficiencies.
Home Care Solutions showed strong momentum with a 3% sales growth, particularly in the garbage bags category, and the strategic partnerships segment grew by 4.9%, driven by a focus on fewer, better partnerships.
The U.S. market for the Caroten brand is performing exceptionally well, achieving the number one suncare position on Amazon and Target, with plans for significant distribution expansion in 2027.
The company maintains a strong balance sheet with net debt reduced to $29.6 million, improved working capital by two days, and has $120 million in committed loan facilities for future M&A opportunities.
Poland delivered a strong performance with total net sales up 4.9% and EBIT growing by 20%, driven by the branded business, while the Czechoslovakia and Hungary cluster accelerated with an 11.5% sales increase.

Negative

Gr. Sarantis SA (LTS:0IIO) faced significant cost pressures from the Middle East conflict, impacting raw materials, logistics, and supply chain, which offset benefits from recent investments.
The company experienced a decline in Beauty, Skin, and Sun Care sales by 2%, impacted by the phasing of U.S. exports and market pressures in Romania, a key market for skincare.
Romania continues its declining trend with net sales down almost 5% and EBIT declining by 16.8%, a trend expected to persist in the second half of the year.
Ukraine remains a significant drag, with net sales dropping by almost 10% and an EBIT loss of $0.7 million, with further pressure anticipated as the geopolitical conflict accelerates.
Underlying net income declined by 5% to $27.7 million, and the company noted that cost pressures will continue in Q3, with price increases only expected to take effect in Q4, potentially squeezing margins.
The company refrained from reaffirming its full-year guidance due to high volatility, citing uncertainties from geopolitical issues and local market pressures, which may concern investors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SRSr.AT - GR. SARANTIS S.A.
Half Year 2026 Gr Sarantis SA Earnings Call
Sep 09, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Vasilios, your course call operator. Welcome and thank you for joining the Sarandis Group conference call and live webcast to present and discuss the Sarandis Group's half-year 2026 financial results. With us today, we have Mr. Riannis Bouras, Group CEO, and Mr. Christos Varsos, Group CFO.

All participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. As a kind reminder, you may also join the webcast by clicking on the link provided on the invitation.

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