Bei Akademie registrieren
Hagar, IS0000020121

Hagar stock: Strong Q2 lifts full-year EBITDA guidance

Published on 11/09/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hagar stock is in focus after stronger second-quarter operating performance. Management raised its full-year earnings outlook after first-half results exceeded expectations.

What Hagar's results change

  • Second-quarter sales rose 5.5 percent year on year, while EBITDA reached ISK 5.666 billion.
  • Quarterly profit fell to ISK 2.290 billion, but first-half EBITDA increased 13.3 percent to ISK 10.802 billion.
  • Management cited strong performance across business segments and a positive outlook for the second half.
Hagar, IS0000020121, Illustration mit AI erstellt.
Hagar, IS0000020121, Illustration mit AI erstellt.

Hagar's second-quarter results exceeded management expectations and prompted a higher full-year earnings outlook, according to the company's financial report published on October 15, 2026. Nasdaq Iceland said the statements cover the period from March 1 to August 31, 2026.

Sales growth supports outlook

Hagar reported second-quarter sales of ISK 54.683 billion, up 5.5 percent from the prior-year quarter. EBITDA rose to ISK 5.666 billion, or 10.4 percent of sales, compared with ISK 5.485 billion a year earlier.

The result was mixed at the bottom line. Quarterly profit declined to ISK 2.290 billion from ISK 2.556 billion, while basic earnings per share fell to ISK 2.11 from ISK 2.33. For the first six months, however, sales increased 5.5 percent to ISK 105.468 billion and EBITDA climbed 13.3 percent to ISK 10.802 billion.

Guidance moves higher

Management raised its EBITDA guidance for the 2026/27 financial year by ISK 800 million to a range of ISK 19.600 billion to ISK 20.100 billion. The company said first-half performance exceeded expectations and that operations remained strong across Iceland and the Faroe Islands.

Grocery operations in Iceland were a key contributor. Revenue from stores and warehouses increased 5.8 percent to approximately ISK 36.4 billion, while segment EBITDA advanced 17.1 percent. Grocery-store visits increased 3.2 percent and units sold rose 1.3 percent. At Olís, fuel volumes fell 11.1 percent year on year, although retail fuel volumes increased.

Company profile and competition

Hagar is an Icelandic retail group with operations in Iceland and the Faroe Islands. Its businesses cover grocery stores, related warehouses, fuel stations and services, wholesale, specialty retail, meal packages, fresh-produce distribution and online alcohol sales. Hagar's Bónus and Hagkaup chains are among Iceland's largest grocery retailers, while its SMS business is a market leader in the Faroe Islands. The company is headquartered in Reykjavik and is listed on Nasdaq OMX Iceland under the ticker HAGA.

For investors tracking the broader market, see Current market reports.

More news and analyses on Hagar stock cover the company's results, outlook and operating segments.

Hagar at a glance

  • Company: Hagar hf.
  • ISIN: IS0000020121
  • Ticker: HAGA
  • Listing: Nasdaq OMX Iceland
  • Headquarters: Reykjavik, Iceland
  • Business: Grocery retail, fuel sales, wholesale and related services
Disclaimer...
en | IS0000020121 | HAGAR | boerse | 70478245 |