Gross profit reached EUR 658 million, up 7% on a constant currency basis, and EBITA rose to EUR 285 million, an 8% increase on a constant currency basis.
Revenue was EUR 2,638 million, up 7% year-over-year (11% constant currency), with free cash flow increasing to EUR 222 million.
Net result improved by 14% on a constant currency basis to EUR 142 million, with cash earnings per share rising to EUR 3.18.
Three acquisitions (Dong Yang FT, Willows Ingredients, Merit Solution) completed or signed, adding approximately EUR 70 million in annualised revenues.
Continued investment in digital tools, AI-driven sales support, and talent, including a global people director.
Revenue grew 7% year-over-year to EUR 2,638 million, with 11% FX-adjusted growth and 3% organic growth.
Gross profit margin was 24.9%, down 0.7 percentage points due to lower-margin acquisitions and product mix.
Operating EBITA margin at 10.8%, slightly down from 11.1% in HY 2025; conversion margin at 43.3%.
Cash conversion margin improved to 76.2% from 61.4% year-over-year.
Cash earnings per share rose to EUR 3.18, up from EUR 2.94 in HY 2025.
Early Q3 shows a promising start amid dynamic market conditions, but macroeconomic and political uncertainty continues to impact demand visibility.
Focus remains on earnings growth, service optimisation, and market position strengthening.
Confidence in resilient business model and strong commercial teams to sustain growth.
No significant changes expected in working capital days; typical seasonal cycle anticipated with a drop towards year-end.
Leverage ratio expected to decrease in H2, depending on acquisition activity.
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