SAVENCIA FROMAGE & DAIRY : 2025 Annual accounts

Core Insights - Savencia Fromage & Dairy demonstrated resilience in a challenging dairy market, with total sales of €6.957 billion for the year ending December 31, 2025, reflecting a decline of 2.6% compared to 2024, primarily due to negative currency impacts [6][7]. Financial Performance - The Group's organic growth was reported at 1.6%, supported by strong performance in Other Dairy Products, while the structural effect contributed an additional 0.2% from the integration of Ugalait [6]. - Current Operating Profit decreased to €210.5 million, down from €232.3 million in 2024, attributed to rising milk prices and declining industrial commodity prices [7]. - Net income attributable to the Group fell by €32.2 million to €74.7 million, representing 1.1% of revenue [8]. Strategic Developments - The merger between Savencia Fromage & Dairy and Savencia Gourmet's chocolate activities aims to enhance the development of Premium Foodservice, marking a significant strategic milestone [11]. - The acquisition of Savencia Gourmet's chocolate activities, which generated approximately €800 million in revenue in 2025, was valued at €394 million, financed through the issuance of perpetual subordinated securities [12]. - The acquisition of Quatá Alimentos in Brazil will strengthen Savencia's local portfolio with established brands, enhancing its cheese and dairy product offerings [15]. Corporate Social Responsibility (CSR) - The Group is committed to defining new CSR objectives for the next decade, integrating CSR into its core strategy, and has achieved significant progress under the Oxygen CSR program [17]. Outlook - The outlook for 2026 is characterized by an uncertain and volatile environment, with the Group focusing on a specialty strategy to enhance competitiveness and invest in brand growth, including chocolate activities [19].