Denmark's Matas Q3 revenue grows 3.1%, EBITDA margin at 16.7%

Matas A/S

05/02/2026 07:10

Overview

Nordic beauty retailer's Q3 revenue grew 3.1%, driven by Matas stand-alone growth

EBITDA margin before special items was 16.7% in Q3

Company completed 78% of DKK 109 mln share buy-back program by end of Q3

Outlook

Matas expects revenue growth of 3% to 4% currency neutral for 2025/26

Company anticipates EBITDA margin of 14% to 14.5% before special items

Investments projected at 3% to 4% of revenue, including DKK 30 mln for logistics

Result Drivers

CONSUMER SHIFT - Matas noted a shift in consumer behavior towards Mass Beauty, impacting KICKS' performance, particularly in Sweden

COST MANAGEMENT - Matas maintained cost discipline through staff cost management and logistics efficiency, despite pressured topline

STRATEGY ACCELERATION - Matas is accelerating plans for KICKS to enhance value for money and category leadership

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EBITDA
DKK 465 mln
Q3 Gross Margin
44.80%
Q3 Adjusted EBITDA Margin
16.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

Wall Street's median 12-month price target for Matas A/S is DKK152.50, about 56.9% above its February 4 closing price of DKK97.20

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nMFN1GdqWR

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)