Finland's Rapala VMC H1 net sales rise; 2026 comparable operating profit outlook lifted

Rapala VMC Oyj

20/08/2026 12:21

Overview
Finland fishing tackle maker's H1 net sales up 7% yr/yr, driven by North America
Comparable operating profit for H1 rose to 13.5 mln EUR from 8.6 mln EUR
Company raised 2026 full-year outlook for comparable operating profit to 12-14 mln EUR

Outlook
Rapala VMC expects 2026 full-year comparable operating profit of 12-14 MEUR, up from 8.4 MEUR in 2025
Company says outlook reflects current market conditions but remains subject to trade-related disruptions
Rapala VMC notes macroeconomic uncertainty persists amid geopolitical instability and tariff volatility

Result Drivers
NORTH AMERICA GROWTH - Co said robust replenishment demand and strong sell-through in North America drove sales growth
PRODUCT INNOVATION - New product launches, including the Claptail lure and expanded accessories, contributed to sales momentum
TARIFF REFUNDS - Gains from refunding of IEEPA tariffs in the U.S. supported reported operating profit

Company press release: ID:nGNE38SYCs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 134.80 mln
 
H1 EPS
 
EUR 0.19
 
H1 Comparable Operating Profit
 
EUR 13.50 mln
 
H1 Operating Profit
 
EUR 15.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "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 €1.48, about 5.4% below its August 19 closing price of €1.56
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 26 three months ago

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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.)