SAVENCIA Reports Mixed Results for First Half of 2026

SAVENCIA, the French food group, reported a mixed performance for the first half of 2026, with sales reaching €3.486 billion, up by 2.6% year-over-year. This growth was attributed to a 6.9% positive structural effect following the integration of SAVENCIA Gourmet Chocolate activities and the acquisition of Quata in Brazil, which offset a -2.0% organic decrease largely due to price effects and a -2.2% currency and IAS 29 effect.

Historically, SAVENCIA’s focus markets, which include mature markets like France and Europe, recorded a decline in sales of -3.3% on a like-for-like basis. The cheese activities in Europe were particularly impacted by fragile consumption and pressure on purchasing power, exacerbated by the ongoing conflict in the Middle East. Conversely, the developing markets and activities, which cover dynamic regions such as the Americas and Asia Pacific, saw an increase of 4.8% in revenue to €2.108 billion. This was primarily driven by a 10.8% structural effect from the integrated Chocolate Food Service Premium activities and the acquisition of Quata in Brazil. On a like-for-like basis, this segment saw a slight decrease of -1.8%.

Operating profit for the period stood at €88 million, down from €103 million in the same period of 2025. The decline in current operating profit was influenced by the negative effects of surplus milk supply in a saturated market and the integration of chocolate activities, which were impacted by the Middle East crisis. Additionally, a negative effect of inventory valuation due to declining quotations also contributed to the reduction.

Other operating costs and income decreased by €6 million to €13 million, marking a marginal change from the previous year. Net income for the Group was €38 million, nearly stable compared to €37 million in 2025.

SAVENCIA’s net financial debt increased to €815 million, up from €464 million, reflecting the cost of two strategic acquisitions made during the half-year. The company's commitment to corporate social responsibility (CSR) was highlighted, with a focus on decarbonization and water conservation. SAVENCIA aims to align its decarbonization trajectory with the SBTi (Science Based Target initiative), committing to a 1.5° Celsius reduction by 2035 and net zero by 2050. The company is actively implementing energy-saving measures and water conservation projects across all its sites.

The next publication is scheduled for October 14, 2026, when the third quarter sales results will be released.