Festi hf. and ATOSS Software post Q2 2026 earnings with mixed results

Icelandic retailer Festi hf. reported Q2 2026 sales of ISK 46,347 million, up 6.4% year‑on‑year, with a margin of 24.9% and EBITDA of ISK 3,908 million, a 0.8% decline. Net profit reached ISK 1,299 million and return on equity was 13.1%. The company lowered its full‑year EBITDA guidance by ISK 500 million, citing weaker fuel‑sale margins and a 4.3% drop in fuel volumes. Dividend payments totalled ISK 2,151 million. CEO Ásta S. Fjeldsted said performance was solid despite the fuel‑sale shortfall. Store reopenings and strong online growth were highlighted.

German software firm ATOSS Software SE posted Q2 2026 sales of €51.8 million, a 13% increase, driven by cloud and subscription revenue that rose 25.9% to €28.7 million. Legacy license sales continued to shrink, now representing about 2% of quarterly sales, while recurring revenue accounts for roughly 74% of total. The company added €6.4 million to its cloud order backlog, a 56% year‑on‑year rise, and its EBIT improved 18.9% to €18.1 million, delivering a 34.9% margin. Analysts reaffirmed a BUY rating with a €134 target price.