MG International FY26 H1 net profit drops 49% to EUR 579,000; revenue falls 4% to EUR 32.58 million

Reuters2026/07/31 20:06

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MG International posted H1 2026 net income of EUR 579,000, down 49% year over year, as operating income fell 59% to EUR 491,000.
Revenue slipped 4% to EUR 32.6 million, while gross margin narrowed 0.5 percentage point to 26.1%.
The group cited tougher conditions in pool-cleaning robots despite early signs of recovery in the broader pool market, with competition intensifying in cordless products.
Management said it will approach H2 cautiously, stepping up product renewal, commercial actions, and cost optimization to protect financial balance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MG International SA published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MG International FY26 H1 net profit drops 49% to EUR 579,000; revenue falls 4% to EUR 32.58 million

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