Core Insights - The Bonduelle Group demonstrates resilience in a challenging environment, maintaining stable revenue and profitability despite significant market pressures [4][5] Financial Performance - Sales for the first half of fiscal year 2025-2026 amounted to 1,111.1 million euros, reflecting a -0.7% change on reported figures and a +0.3% change on a like-for-like basis [8][10] - Current operating income increased to 50.5 million euros, representing a +5.1% increase compared to the previous fiscal year, with a current operating margin of 4.5% [8][21] - Net income from continuing operations rose to 20.4 million euros, an increase of +18.5% compared to 17.2 million euros in the previous fiscal year [8][27] - Consolidated net income improved significantly to 56.5 million euros, compared to a loss of 5.0 million euros in the previous fiscal year [30] Business Activity - The Europe zone, which accounts for 60.7% of business activity, showed a growth of +0.3% on reported figures, with Q2 growth at +2.4% [15] - Canned products experienced a growth of +3.7%, driven by increased sales of the Cassegrain brand and private label products [14][16] - The fresh processed segment saw a decline of -7.5%, attributed to competitive pressure and unfavorable market conditions in Italy [14][18] - The Non-Europe zone reported a -2.2% decline on reported figures, with a +0.5% increase on a like-for-like basis, impacted by currency fluctuations [19] Strategic Initiatives - The "Transform to Win" transformation plan has yielded tangible results, including B Corp certification and the disposal of loss-making salad business activities [3][35] - The group is targeting a current operating profitability of 80 million euros for the fiscal year ending June 30, 2026, amid ongoing market challenges [36] Financial Situation - The group's net financial debt at December 31, 2025, was 770.0 million euros, an increase from 755.5 million euros the previous year, with a debt-to-equity ratio improving to 1.16 [31][32]