Swiss Marketplace narrows revenue guidance to upper range

Swiss Marketplace Group released first-half 2026 financial results that exceeded expectations slightly, but the company narrowed its full-year revenue guidance to the upper portion of its earlier range. Revenue and adjusted EBITDA were both 0.8% and 0.9% above consensus, respectively, and adjusted EBITDA margins rose 2.2 percentage points year-over-year to 56.5%.

Revenue growth slowed to 11.3% compared to 13.9% in the previous quarter and the same period last year. The Automotive segment grew 12.2%, while Real Estate increased by 11.5% and General Marketplaces expanded 13%. The company reduced its 2026 revenue growth forecast to between 11-12%, up 0.4 percentage points from the previous 11% consensus.

Adjusted EBITDA margin guidance remained at 56-58%. Capital expenditure expectations were lowered to 7.5-8.5% of revenue from the prior 8-9% range. The company cited higher marketing and consultancy costs in the second half that will offset some gains from the stronger full-year growth. Swiss Marketplace announced a CEO transition, with Christoph Tonini becoming Chairperson following his four-year tenure as CEO, and Alberto Sanz de Lama taking over as CEO for Autos business.

The transition is expected on January 1, 2027, and the company said the strategy and execution will remain consistent.