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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.
Lang & Schwarz
Lang & Schwarz (LUS1) investor relations material
Lang & Schwarz H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary21 Aug, 2026
Executive summary
Achieved significant growth in trading activity and profitability in H1 2026, with strong performance in both TradeCenter and Structured Products segments.
Expanded product offerings, issuing over 75,000 new structured products and maintaining high trading volumes.
Maintained robust liquidity and capital position, ensuring operational stability.
Financial highlights
Trading result rose by 54% year-over-year to €98.6 million in H1 2026.
Ordinary business result increased by over 80% to €71.7 million compared to H1 2025.
Net income for H1 2026 was €48.4 million, up from €26.5 million in H1 2025.
Earnings per share reached €5.13 (or €5.20 adjusted), compared to €2.81 (or €2.88 adjusted) in H1 2025.
Administrative expenses rose 9% to €25.8 million, mainly due to higher external service and legal costs.
Outlook and guidance
Expecting a slight to moderate decline in trading result for full-year 2026 due to changes in client order flow, but still above 2024 levels.
Strategic focus on broadening customer and order flow base and cost structure adjustments to offset external headwinds.
Ongoing investments in IT infrastructure and resilience against cyber threats.
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Latest events from Lang & Schwarz
- Record trading and net income growth in 2025, with strong outlook despite regulatory risks.LUS1
H2 2025 - Profit and trading volumes soared in H1 2025, with EPS up 38% and strong market activity.LUS1H1 2025
- Trading income and net profit surged in H1 2024 amid high market activity and robust growth.LUS1H1 2024
- Record trading and profit growth in 2024; strong but moderating outlook for 2025.LUS1H2 2024
Next Lang & Schwarz earnings date
H2 202614 May, 2027
Lang & Schwarz
Next Lang & Schwarz earnings date
H2 202614 May, 2027
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Frequently asked questions
Lang & Schwarz Aktiengesellschaft is a financial services company based in Germany, specializing in securities trading and market-making. The company provides a range of services including structured products, derivatives, and over-the-counter (OTC) trading. Serving both institutional and private investors, Lang & Schwarz offers trading solutions across major European financial markets, facilitating efficient access to financial instruments. Additionally, the company operates a digital platform that supports real-time trading, aiming to enhance accessibility and transaction speed for its clients.The company is headquartered in Düsseldorf, Germany, and its shares are listed on the Frankfurt Stock Exchange.