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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Compagnie du Bois Sauvage
Compagnie du Bois Sauvage (COMB) investor relations material
Compagnie du Bois Sauvage H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary2 Sep, 2026
Executive summary
Strategic refocus in early 2026 prioritized the Chocolate division, Real Estate, and a shift from direct industrial holdings to private equity fund investments.
Operating income before disposals, fair value changes, and impairments improved to EUR 8.3 million from a EUR -2.8 million loss in H1 2025.
Net income attributable to the group rose to EUR 11.8 million, up from EUR 5.4 million year-over-year.
Net asset value increased 4.3% to EUR 925 million, or EUR 576.5 per share, compared to December 31, 2025.
The acquisition of the remaining 34% of Jeff de Bruges made the group the sole owner of both Neuhaus and Jeff de Bruges.
Financial highlights
Sales were EUR 130.9 million, stable compared to EUR 127.5 million in H1 2025.
Operating income before disposals, fair value changes, and impairments: EUR 8.3 million (H1 2025: EUR -2.8 million).
Net income: EUR 11.8 million (H1 2025: EUR 5.4 million).
Basic and diluted EPS: EUR 7.35 (H1 2025: EUR 3.33).
Group equity at June 30, 2026: EUR 417 million (Dec 31, 2025: EUR 524 million), reflecting the Jeff de Bruges acquisition.
Outlook and guidance
Board remains confident in the new strategic direction but cautious due to ongoing economic and geopolitical uncertainties.
Fiscal year 2026 expected to continue with the same pace and momentum as the first half.
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Latest events from Compagnie du Bois Sauvage
- Net profit surged to €37.8 million, with chocolate driving growth and NAV up 10%.COMB
H2 2025 - Net result dropped to -€57.1M on fair value losses; chocolate sales up 6.8% year-over-year.COMBH1 2024
- Strong operating performance offset by large fair value losses, resulting in a net loss.COMBH2 2024
- Net profit rebounded to EUR 5.4 million on strong Chocolate and Industry & Services growth.COMBH1 2025
Next Compagnie du Bois Sauvage earnings date
H2 202611 Mar, 2027
Compagnie du Bois Sauvage
Next Compagnie du Bois Sauvage earnings date
H2 202611 Mar, 2027
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