Instone Group Reports Nine-Month Results and Revises 2026 Guidance
Instone reported adjusted revenue of EUR 288.1 million and earnings after taxes of EUR 12.2 million for the first nine months of 2026, versus EUR 347.5 million and EUR 21.4 million in the same period of 2025. It now targets 2026 revenue of approximately EUR 450 million, adjusted earnings after taxes of EUR 25 million to EUR 30 million, and sales volume of EUR 500 million to EUR 600 million.
Instone Group reported adjusted revenues of EUR 288.1 million for the first nine months of 2026, down from EUR 347.5 million in the same period of 2025, alongside earnings after taxes of EUR 12.2 million compared to EUR 21.4 million previously. The company maintained a high adjusted gross margin of 29.4 percent, supported by prudent cost management. Management attributed the performance to macroeconomic and geopolitical uncertainties, which led to a decline in private investor sales and longer decision-making processes for institutional clients.
Consequently, the company revised its 2026 guidance, now targeting revenues of approximately EUR 450 million, adjusted earnings after taxes between EUR 25 million and EUR 30 million, and sales volume between EUR 500 million and EUR 600 million.