2025 Full Year Results

Core Insights - The company reported stable revenue of €7.9 billion for FY 2025, with a slight decline of 0.5% in reported revenue growth compared to FY 2024, primarily due to foreign exchange translation effects [3][6][8] - Organic sales growth was strong at 4.2%, driven by a volume growth of 1.5% and price growth of 2.6%, indicating robust demand for the company's products [4][6][7] - The company successfully completed its demerger from Unilever, establishing itself as an independent entity listed on multiple stock exchanges [6][24][30] Financial Performance - Operating profit decreased to €599 million from €764 million in FY 2024, largely due to increased separation and restructuring costs [6][10][12] - Adjusted EBITDA was €1,255 million, with a margin of 15.9%, down from 16.9% in FY 2024, impacted by foreign exchange effects and transitional service agreement costs [11][12][17] - Free cash flow significantly dropped to €38 million from €803 million in FY 2024, primarily due to cash outflows related to the demerger and restructuring [12][13] Brand and Market Performance - The company's leading brands, including Magnum, Ben & Jerry's, Cornetto, and the Heartbrand, were key growth drivers, with significant new product launches contributing to organic sales growth [4][8][14] - All regions contributed positively to organic sales growth, with AMEA showing the highest growth at 10.9%, while the Americas experienced a modest 0.8% growth [7][37][43] - The company focused on enhancing its market presence through digital commerce and improved availability in various channels, leading to share gains in key markets [5][9][40] Strategic Initiatives - The company is implementing a €500 million productivity program aimed at enhancing supply chain efficiency and reducing overhead costs, which delivered €180 million in savings in 2025 [22][19] - Future growth strategies include expanding consumption occasions through innovative products and enhancing brand presence across various market segments [19][20] - The company anticipates organic sales growth of 3% to 5% for 2026, along with an expected improvement in adjusted EBITDA margins [18][7]