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Fleury Michon (ALFLE) investor relations material
Fleury Michon H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew by 3.6% year-over-year to €836.4M, driven by volume gains in GMS and strong international airline catering.
Operating income slightly declined due to persistently high poultry costs, despite top-line growth.
Net income from continuing operations fell to €8.4M from €13.3M, impacted by the end of equity-accounted earnings and business disposals.
All three business segments posted growth, with international operations up 10.2% and GMS France up 2.6%.
Financial highlights
Consolidated revenue reached €836.4M, up 3.6% from 2024.
Operating margin contracted to 1.5% of sales (€12.2M), mainly due to higher poultry input costs.
Net income from continuing operations was €8.4M; total net income including discontinued operations was €13.6M.
Cash flow from operations was €25.6M, with a net cash outflow of €30.9M after investments and debt reduction.
Outlook and guidance
No quantitative guidance for 2026 due to ongoing market volatility and raw material price uncertainty.
Management remains confident in business model resilience and ongoing industrial investments.
- Revenue up, margins down as poultry costs surge; outlook remains highly uncertain.ALFLE
H1 202522 Sep 2025 - Net income soared to €46.7M in H1 2024, boosted by a major JV sale despite lower revenue.ALFLE
H1 202413 Jun 2025 - Net income soared to €47.8M, driven by a major asset sale, despite lower revenue.ALFLE
H2 20245 Jun 2025
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