Denmark's Matas Q3 revenue up 3.1%, lowers FY forecasts

Matas A/S

09/01/2026 08:20

Overview

Nordic beauty retailer's Q3 revenue grew 3.1% yr/yr

Company revises 2025/26 guidance, lowering revenue growth and EBITDA margin expectations

KICKS revenue declined due to consumer trade-down in High-end Beauty segment

Outlook

Matas revises 2025/26 revenue growth forecast to 3-4% currency neutral

Company expects 2025/26 EBITDA margin of 14.0% to 14.5%

Investments excluding M&A to remain at 3% to 4% of revenue

Result Drivers

RECORD SALES IN MATAS - Matas achieved record revenue growth driven by Mass Beauty and Health & Wellbeing categories, with significant online sales growth

CHALLENGES IN KICKS - KICKS experienced a revenue decline due to consumer trade-down in High-end Beauty, particularly in Sweden

IN-HOUSE BRANDS GROWTH - In-house brands grew 10.9% currency neutral, with Nilens Jord launch in KICKS outperforming expectations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
DKK 2.78 bln


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 DKK182.50, about 45.8% above its January 8 closing price of DKK125.20

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

Press Release: ID:nMFN9p0Kmn

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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.)