Intercos S.p.A. (ICOS) Earnings Call Transcripts

Intercos S.p.A.'s Latest Earnings Call - Q1 FY2026

Intercos S.p.A. reported a challenging Q1 2026, with revenues down 6% year-over-year at constant rates, reflecting adverse currency impacts and a decline in packaging components. Adjusted EBITDA margin was 11%, slightly below the prior year due to fixed cost absorption. However, management remains optimistic, confirming guidance for 2026 with expected revenue growth of 5-6%, supported by a strong order book and positive trends in the beauty market, particularly in makeup and fragrances.

Reported metrics

Guidance from management

Management confirmed their revenue growth guidance for 2026 at 5-6%, supported by a strong order book and expected improvements in market conditions.

What management said

[indiscernible] on guide on the net debt. But all in all, if you look at the consensus, there is a net debt, which is pretty much stable compared to the 31st December 2025 which is a number that makes sense in our view, and that includes, of course, dividend distribution for EUR 19 million and approximately EUR 30 million of buyback that we want to close by the end of this year.

Yes. No, the projects on efficiencies are going well. Everything is tracking exactly in line with what we were expecting. Obviously, we are at the very beginning of the year. So we need to make sure that when the ramp-up of volumes will happen, we will be cashing in exactly what we are targeting. We have no negative signs so far, but we are not seeing either further benefits on top of what we had budgeted for. So all...

What analysts pressed on

Analysts expressed concerns regarding the impact of increased lead times on Q2 performance and the potential for rising input costs affecting margins. There were also questions about the sustainability of the current order intake growth and the implications of the CFO change on company strategy.

Main topics on the call

• Revenue Decline — Intercos experienced a revenue decline of 6% at constant rates, attributed to 'currency headwinds' and a 'continued reduction of packaging component.' Management noted that Q1 2025 had a high comp with 13% growth, making...
• Strong Order Intake — Management highlighted a 'double-digit growth' in order entry over the past six months, indicating strong demand and a robust order book. This positive trend is expected to support revenue recovery in the upcoming quarte...
• Geographic Performance — EMEA sales were down 8.5%, while the Americas and Asia saw declines of 8.8% and 12%, respectively. However, management expects a rebound in these regions, particularly due to strong order intake since November.
• Innovation and Product Launches — Management noted that 'Western prestige brands in makeup are the leading factor' for order intake, with a focus on new initiatives rather than reorders. This shift suggests a strong pipeline of innovation that could driv...

Read the full Intercos S.p.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 Intercos S.p.A. earnings call transcripts on record, spanning March 23, 2022 to August 4, 2026. Based on this history, Intercos S.p.A. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ICOS

Exchange

BIT

Country

IT

Sector

Consumer Staples

Industry

Personal Care Products

Calls on record

18

First call

March 23, 2022

Most recent

August 4, 2026

Reporting cadence

quarterly