Rapala VMC Corporation (RPNMF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.96K Followers Follow Rapala VMC Corporation ( RPNMF ) Q2 2026 Earnings Call August 21, 2026 3:00 AM EDT Company Participants Tuomo Leino - Executive VP, General Counsel, Head of Sustainability & Secretary of the Board Cyrille Viellard - President & CEO Miikka Tarna - Chief Financial Officer Conference Call Participants Joonas Häyhä - OP Corporate Bank plc, Research Division Presentation Tuomo Leino Executive VP, General Counsel, Head of Sustainability & Secretary of the Board My name is Tuomo Leino, and I am here with President and CEO, Cyrille Viellard. Cyrille Viellard President & CEO Good morning, everyone. Tuomo Leino Executive VP, General Counsel, Head of Sustainability & Secretary of the Board And CFO, Miikka Tarna. Miikka Tarna Chief Financial Officer A very good morning to all. Tuomo Leino Executive VP, General Counsel, Head of Sustainability & Secretary of the Board We will first go through a presentation. And after that, we are open to questions. But without further ado, Cyrille, please go ahead. Cyrille Viellard President & CEO 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 droughts 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. Overall, Rapala VMC Group growth landed at 11% in comparable currencies. Growth and continued cost control have flowed directly into EBITDA and comparable EBIT, which increased by