Holland Colours
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Holland Colours (HOLCO) investor relations material

Holland Colours H2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 25/26 earnings summary28 May, 2026

Executive summary

  • Revenue declined by 2.9% year-over-year to €109.0 million, with a modest 0.5% increase in constant currency.

  • Operating result fell to €4.6 million from €7.9 million, and net result dropped to €3.5 million from €5.9 million.

  • Market headwinds included geopolitical tensions, deglobalization, and weaker demand in key segments and regions.

  • Final dividend proposed at €2.02 per share, representing 50% of net profit.

Financial highlights

  • Contribution margin decreased to €51.8 million, with margin as a percentage of revenue at 47.6% versus 49.5% last year.

  • Operating expenses were €47.3 million, down 0.6% year-over-year.

  • Net cash flow was negative €10.4 million, compared to positive €2.0 million the previous year.

  • EBITDA was €8.2 million, down from €11.4 million year-over-year.

Outlook and guidance

  • High international political and economic uncertainty expected to persist.

  • Cautious business expectations for 2026/2027 due to ongoing geopolitical and market risks.

  • Strategic focus on accelerating core business growth and developing recycling and circularity opportunities.

US margin pressure from tariffs and sales mix
China UHT dairy contraction and price competition
Drivers of the negative net cash flow shift
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H1 26/2730 Oct, 2026
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