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.
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.
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.
The company adjusted its volume guidance downward to reflect expectations of a softer last quarter of the year.
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.
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.
BioMar expects a softer fourth quarter due to increased uncertainty regarding raw material prices, weather-related impacts, and shifting customer demands.