business / news / / PR Newswire
Strauss Group Ltd. (TASE: STRS) reported its financial results for the first quarter of 2026, that ended March 31st, 2026.
Strauss Group's EBIT rose 67.9% to NIS 316 million, increasing EBIT margin to 10.5%.
KEY POINTS
- Confectionery business in Israel returned to profitability, with EBIT of NIS 40 million versus prior loss.
- 3corações in Brazil acquired Yoki, expanding Strauss's joint venture presence beyond coffee.
- Net debt/EBITDA improved to 1.5x from 2.3x in Q1-2025, showing strengthened financial position.
- CEE coffee segment achieved approximately 8% net sales growth year-on-year despite broader challenges.
COMPANIES
Summarized by Newsio from PR Newswire. How we summarize →