Origin Enterprises plc (OGN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to the Origin Enterprises plc interim results 2026. Just a reminder that this call is being webcast live on the internet and the presentation is available to view on the Origin website. I will now pass over to Sean Coyle, CEO of Origin Enterprises plc. Please go ahead sir. Thank you and good morning everybody. Welcome to the first half trading results performance for 2026. I'm joined this morning by my colleagues, Colm Purcell, our CFO, TJ Kelly, the Managing Director of our Living Landscapes business, and Brendan Corcoran, who's our Head of Investor Relations. The trading performance in the first half of the year we're describing really is solid or robust and we've had a good outcome from the perspective of agriculture trading when placed in the context of seeing what our competition are doing around us. We're having significant reductions in profitability from competitors in the UK and Poland, and a significant number of distributor competitors in Brazil and in Romania place themselves into administration, in some cases into advertising, liquidation or significant restructuring. The performance of the business in the first half has been strong. We had agricultural profitability decline by 1%, with increases in performance in an Ireland-UK context and in Latin America, and a decline in operating profit performance within our continental European business. And our living landscapes business showed strong growth in the first half, led by sports and landscapes, together with growth in our environmental business, supported by the benefit of acquisitions that we made in the second half of last year. Overall, group operating profit grew from 17.2 million to 17.4 million. We continue to see a strong balance sheet with our net d...