Q1 2026 Zabka Group SA Earnings Call Transcript
Key Points
- Zabka Group (STU:9M1) reported a 12% year-on-year increase in sales to end customers, reaching PLN7.4 billion.
- The company expanded its network significantly, operating 12,750 stores by the end of March 2026, which is 1,393 more than the previous year.
- Adjusted EBITDA increased by 13.1% year-on-year to PLN674 million, with the margin improving to 9.1%.
- Zabka Group maintained a strong balance sheet with net debt to adjusted EBITDA improving to 1.1 times.
- The company successfully launched new growth initiatives, including expanding its presence in Romania to 204 stores and introducing smart vending solutions.
- Adverse weather conditions in January and February negatively impacted footfall and sales.
- The company recorded a net loss for the first quarter, with an adjusted net result of minus PLN51 million.
- There is increased uncertainty due to geopolitical tensions in the Middle East, affecting consumer confidence.
- Energy price increases contributed to a slight uptick in inflation, impacting costs.
- The new growth engines, particularly in Romania, are still in the investment phase, resulting in a negative contribution of minus PLN32 million.
Good morning, and welcome to the Q1 2026 financial results of Zabka Group. (Operator Instructions) This webcast will be recorded, and an archive of the webcast will be posted on the company website. By participating in the Zoom call, you are agreeing that recordings made during this event may be shared by Zabka Group. (Operator Instructions)
I'd now like to turn the call over to Filip Paszke.
Thank you very much, and hello, everyone, and welcome to our Q1 2026 earnings call. My name is Filip Paszke, and I'm a Director responsible for Corporate Development and Investor Relations. We have an about 25-minute presentation, followed by a Q&A session.
I'd like to hand over now to Mr. Tomasz Suchanski, CEO of Zabka Group. Thank you.
Thank you, Filip. Good morning or good afternoon. My name is Tomasz Suchanski. I'm CEO of Zabka
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