Finland's Rapala VMC FY net sales rise 3% on North America growth

Rapala VMC Oyj

11/03/2026 13:14

Overview

Finland fishing tackle maker's FY net sales rose 3%, comparable operating profit up 35%

Company posted net loss, mainly due to non-cash foreign currency translation losses

Cash flow from operations fell sharply, impacted by tariffs and seasonal working capital needs

Outlook

Rapala VMC sees 2026 full-year comparable operating profit rising from 2025

Company says ongoing tariffs and regulatory changes may impact demand and cost structures

Rapala VMC expects European consumer spending to remain subdued in 2026

Result Drivers

NORTH AMERICA GROWTH - Strong sales in North America, driven by robust winter fishing demand and successful new product launches, supported overall revenue growth

TARIFFS AND INVENTORY - Tariff-related cost increases and higher inventory values weighed on cash flow and profitability, though price adjustments and vendor cooperation helped limit margin impact

PRODUCT INNOVATION - New product launches and industry recognition contributed to sales growth and brand momentum, especially in the U.S. and key international markets

Company press release: ID:nGNE3WS9nl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
EUR 227.50 mln
FY EPS
-EUR 0.23
FY Net Income
-EUR 4.90 mln
FY Adjusted Free Cash Flow
EUR 5.50 mln
FY Adjusted Operating Profit
EUR 8.40 mln
FY Operating Profit
EUR 4.20 mln


Analyst Coverage

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

The average consensus recommendation for the recreational products peer group is "buy."

Wall Street's median 12-month price target for Rapala VMC Oyj is €1.30, about 5.7% above its March 10 closing price of €1.23

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)