Acomo (ACOMO) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 sales reached €364.2 million, a 1% decline at constant currency versus Q1 2025, and a 6% decrease including currency effects.

• Spices & Nuts and Food Solutions segments performed strongly, while Edible Seeds rebounded after resolving prior production issues.

• Organic Ingredients continued to outperform historical trends despite a strong comparison base.

• The macroeconomic environment remained challenging, with lower price levels for key products and a materially weaker US Dollar.

Financial highlights

• Spices & Nuts sales increased by 7% at constant currency, supported by the Manuzzi acquisition.

• Edible Seeds sales declined 5% at constant currency but rebounded late in the quarter after resolving SunButterⓇ production issues.

• Organic Ingredients sales fell 7% at constant currency, reflecting a tough comparison to an exceptionally strong Q1 2025.

• Tea sales were stable year-over-year at constant currency, with ongoing geopolitical and supply challenges.

• Food Solutions sales were flat, with growth in blends offset by softer distribution sales.

Outlook and guidance

• The group expects a more balanced quarterly performance in 2026 compared to 2025.

• Sustainable growth is anticipated, with working capital levels expected to reduce over the course of 2026.

• The business model remains agile to respond to volatile geopolitical and market conditions.