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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.
Hunyvers
Hunyvers (ALHUN) investor relations material
Hunyvers H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary27 Oct, 2026
Executive summary
FY2025-26 revenue rose 1.7% to €124.7M; at constant scope, growth was 0.7%, with Q4 growth accelerating to 4.9%.
Operating profit is now expected to be negative, pressured by VDL destocking and boat-rental disruption after concession closures caused by fires.
Financial highlights
FY revenue was €124.7M, up 1.7% reported; €1.2M came from scope effects, while constant-scope growth was 0.7%.
Q4 revenue increased 4.9% to €37.8M; quarterly constant-scope trends improved from -7.9% in Q1 and -0.9% in Q2 to +3.5% in Q3 and +4.9% in Q4.
Outlook and guidance
FY2026-27 visibility is limited in both businesses; economic tensions and inflation are driving caution reflected in order books, particularly in VDL.
Acquisition of 51% of IBH is expected to close in calendar Q1 2027, subject to ongoing audits and competition-authority review.
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Latest events from Hunyvers
- Revenue fell 3.3% as VDL declined and Nautisme surged, with growth outlook reaffirmed.ALHUN
Q1 2026 TU - Sales up 16.8% in nine months, driven by acquisitions and strong Q3 growth.ALHUNQ3 2024 TU
- Revenue up 15.9% to €130.3M, with Nautisme driving growth and margin rebound in H2.ALHUNQ4 2024 TU
- Stable Q1 revenue and reaffirmed >15% growth outlook, driven by acquisitions and synergies.ALHUNQ1 2025 TU
- Revenue fell 5.1% in H1, but double-digit growth is forecast for the second half.ALHUNQ2 2025 TU
- Revenue up 13.4% to €51.3M, net loss of €1.3M; strong H2 rebound expected.ALHUNH1 2024
- Revenue up 15.9% to €130.3M, but net income down 53.6% amid margin pressure and higher costs.ALHUNH2 2024
- Revenue down 2.2% to €47.6M, losses widened, strong Nautisme growth, positive H2 outlook.ALHUNH1 2026
- Revenue down 5.1% to €48.7M; net loss widens; outlook cut to €130M with H2 margin improvement targeted.ALHUNH1 2025
Hunyvers
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