Kumulus Vape announces a decline in revenue for the third quarter of 2026

Kumulus Vape, a major player in the French vaping product distribution market, reported consolidated revenue of €13.2 million for the third quarter of 2026, a 10.9% decrease compared to the previous year. This decline is attributed to weak household consumption and increased price competition. For the first nine months of the year, revenue totaled €38.8 million, down from €42.6 million a year earlier.

The BtoB activity, representing 86.7% of quarterly revenue, reached €11.4 million, down 12%. The BtoC segment fell by 21.9% to €901,000, while the store network grew by 28.8% to €857,000, highlighting the continued growth of the Cigaverte brand.

Despite regulatory uncertainties, the group remains committed to contributing to the vaping market, which is crucial for tobacco reduction. The fourth quarter will focus on ramping up production at its integrated Labster laboratory and optimizing its supply chain.