Qoria Ltd (FMZNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. I would like just to highlight today that we have on page two a forward-looking statement that highlights some certain risks and uncertainties that impacts our business. These risks and uncertainties are relevant to today's discussions, especially in relating to forward-looking statements. I would now hand over to Urs Jordi for the presentation. Thank you, Paul. Good morning, Paul. Welcome. with our full year 2025 result call this Monday. We will start on page four of the presentation. As you can see, a revenue of 2.223 billion being achieved in the year 2025. And with this an organic growth of 1.5% supported by volume and by price. An EBITDA of 306.9 million we have in our books and with this a free cash flow of 120 million euro. Based on this, on this solid performance and the strong cash flow, we decided to repurchase the remaining hybrid bond, the outstanding Swiss franc bond on the amount of 144.3 million by end of April this year. On the next page, then, you can see that we did complete our customer negotiations, year end 25, beginning 26. We maintain a strong share of innovation, 19% of revenue. New capacity is ramping up in Switzerland, as you know, the new line for Gipfels and Pastry. The first investment goes operational soon as we are speaking now and in the next two, three weeks. An investment in Portugal, the Bergoban factory is confirmed and the planning execution starts. There's a new investment planned in Poland. Planning is continuing and as you know from our last calls, business cost optimization is accelerating. On the next page then about the organization of the company, the board and the management, the dual mandate, the chairman and the interim role will end at AGM 2027. The board will propose for then, for this AGM 2027...