Rapala VMC Corporation (RPNMF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this Rapala VMC Investor Audiocast covering the first half of 2026. My name is Tuomo Leino, and I am here with President and CEO Cyril Villalart. Good morning, everyone. And CFO Miikka Parna. A very good morning to all. We will first go through a presentation, and after that, we are open to questions. But without further ado, Cyril, please go ahead. Thank you very much to all for attending our call today for our first half 2026 results. What I can say as an opening word is the implementation of our recovery plan is proceeding as planned. I would say we are slightly ahead with North American replenishment demand that came out strong in the second quarter for our new items as well as existing range. In comparable currencies, North America grew 19% above previous year. This has compensated a slower activity in other parts of the world where we have contrasted situations. I would say draws in some key European countries that you have seen in the news have hit our sales, whereas we have had favorable developments in Northern Europe. Rappala VMC Group growth landed at 11% in comparable currencies. Growth and continued cost control have flowed directly into EBDA and comparable index, which increased by almost 5 million euro from 8.6 to 13.5 million. Growth was led with controlled inventories and investments. leading to above $60 million of cash flow for the first half compared to $6 million in the first half of 2025. Our innovation pipeline is strong, and our brand strategies are bringing clarity, focus, and long-term projections. We will increase in the second half gradually our investments in marketing to support our brands, to secure all our innovative products are well supported for the millions of passionate anglers we serve world...