Aryzta AG (0MFY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Half Year twenty twenty six Results Conference Call and Live Webcast. The call will be hosted by Urs Jordi, Chairman and Interim CEO and Martin Huber, CFO. I'm Matilda, the Chorus Call operator. I would like to remind you that all participants will be in listen only mode and the conference is being recorded. The presentation will be followed by a Q and A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Paul Meade, Head of Investor Relations. Please go ahead, sir. Thank you, Matilda. Good morning, and welcome to our H1 results call. Our presentation includes forward looking statements, which details the various risks and uncertainties that may impact our business and which also apply to today's discussions. I will now hand over to Urs to start the presentation. Thank you, Paul. Good morning, all. Let me welcome you to this H1 twenty twenty six result overview. On Page four, you can see the key highlights of the first half year twenty twenty six. We did achieve a revenue of EUR €1,064,000,000 almost, which accounts for an organic growth of minus 2.7%. EBITDA has been achieved of €139,900,000 and the free cash flow of €23,600,000 Earnings per share stands at €1.82 In April this year, we did repurchase the hybrid bonds, the last outstanding hybrid bonds. And as you did read some weeks ago, we did a French bolt on acquisition to expand our French business. Then on the next page, Page five, you can see the H1 organic growth being impacted by mainly a heightened macro and geopolitical uncertainty. Consumer savings are going up and consumer uncertainty is visible, resulting in a subdued consumer sentiment. We did work against strong prior year comps. Germany was clea...