Kumulus Vape: Measured Retreat and Positive Dynamics in Q1 2026

Kumulus Vape announces consolidated revenue of €12.9 million for the first quarter of 2026, down 7.3% compared to the previous year. The market remains subject to profound changes, to which the group continues to provide concrete solutions.

The B2B segment represents 85.6% of the business, generating €11 million. Revenue from the direct-to-consumer channel remains stable at €1.1 million. Notably, the retail network grew by 26.9%, reaching €735,000, thanks to Cigaverte's structuring strategy.

Looking ahead, Kumulus Vape is focusing on its e-liquid production, optimizing logistics, and expanding the Cigaverte network. Despite a challenging economic climate, the group anticipates growth thanks to its ongoing efforts.