Earnings report 📈 Stocks 🌍 Denmark ISIN DK0061539293

BioMar Raises 2026 Guidance After Record Q3 Revenue of DKK 5.8 Billion

BioMar Group posts record Q3 earnings and lifts full-year guidance, citing strong volume growth and sourcing flexibility, even as it adjusts volume expectations for the remainder of 2026.

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BioMar
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BioMar reported a record-breaking Q3 2026 with revenue rising 19% to DKK 5,807 million and EBIT reaching DKK 618 million, driven by strong performance in the Salmon and Selected Species segments. Consequently, the company has raised its full-year revenue and EBIT guidance, leveraging sourcing flexibility and favorable exchange rates to offset rising marine ingredient costs. While volume growth was strong in Q3, the company has lowered its full-year volume guidance to account for a softer anticipated fourth quarter.

Catalysts
  • ▲ Raised full-year revenue and EBIT guidance
  • ▲ Strong Q3 volume growth of 5% year-on-year
Risk Factors
  • ▼ Increased uncertainty regarding raw material prices
  • ▼ Potential impact of weather events such as El Niño
▼ Show FAQ (2) ▲ Hide FAQ
What was the primary driver of the Q3 earnings growth?

The growth was mainly driven by the Salmon and Selected Species segments, supported by higher volumes, market share gains, positive exchange rate movements, and effective sourcing flexibility.

Why did BioMar lower its volume guidance?

The company adjusted its volume guidance downward to reflect expectations of a softer last quarter of the year.

🧭 Full analysis of these assets

🎯 Key Takeaways

  • Q3 revenue rose 19% year-on-year to DKK 5,807 million, with EBIT reaching a record DKK 618 million.
  • Full-year revenue and EBIT guidance raised, while volume guidance is lowered to account for a softer Q4.
  • ROIC including goodwill improved to 27.1%, supported by effective sourcing and formulation expertise.

📝 Executive Summary

BioMar Group reported its strongest quarter ever, with Q3 revenue climbing 19% to DKK 5,807 million and EBIT reaching DKK 618 million. Driven by strong performance in the Salmon and Selected Species segments, the company raised its full-year revenue and EBIT guidance despite anticipating a softer final quarter due to raw material price volatility.

❓ FAQ

Why did BioMar raise its full-year EBIT guidance?

The guidance increase follows record Q3 results driven by strong volume growth in the Salmon and Selected Species segments, favorable exchange rates, and effective raw material sourcing.

What is the outlook for the remainder of 2026?

BioMar expects a softer fourth quarter due to increased uncertainty regarding raw material prices, weather-related impacts, and shifting customer demands.