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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.
MARR
MARR (MARR) investor relations material
MARR Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary4 Aug, 2026
Executive summary
Consolidated revenues for H1 2026 reached €1,019.5m, up from €994.8m in H1 2025, with Q2 2026 revenues at €593.5m versus €585.6m in Q2 2025.
Operating profitability declined due to higher transportation, logistics, and energy costs, only partially offset by improved gross margin.
Net profit for H1 2026 was €3.9m, down from €12.6m in H1 2025; Q2 net profit was €10.5m versus €15.3m in Q2 2025.
July sales increased across all client segments, aligning with annual growth targets.
The group completed the acquisition of Bergel + S.r.l. and opened a new distribution center in Monopoli.
Financial highlights
EBITDA for H1 2026 was €39.1m, down from €47.6m in H1 2025; EBIT was €16.8m versus €27.2m.
EBITDA margin dropped to 3.8% (from 4.8%), and EBIT margin to 1.6% (from 2.7%).
Net financial debt (pre-IFRS 16) as of June 30, 2026, was €268.9m, up from €206.8m a year earlier, impacted by investments, buy-backs, and dividends.
Consolidated equity at June 30, 2026, was €297.4m, down from €315.3m a year earlier.
Free cash flow for H1 2026 was negative €52.7m, compared to negative €29.2m in H1 2025.
Outlook and guidance
July sales growth across all segments supports alignment with full-year growth targets.
Positive outlook for Italian tourism in summer 2026, with rising foreign visitors and extended seasonality.
Management remains focused on service quality, profitability, and working capital control.
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Latest events from MARR
- 2025 revenues rose to €2,127.4m, with growth driven by logistics upgrades and market expansion.MARR
Investor presentation - Revenue rose to €426.0M but profit fell on higher costs and net debt increased.MARRQ1 2026
- EBITDA and EBIT rose despite lower revenues, with net profit at €17.5m and stable outlook.MARRQ2 2024
- Slight declines in revenue and profit offset by margin gains and resumed sales growth in October.MARRQ3 2024
- Revenue and sales grew modestly in FY 2024, but margins declined due to higher costs.MARRQ4 2024
- Q1 2025 saw lower revenues, higher costs, net loss, and increased debt amid logistics investments.MARRQ1 2025
- Revenue up, profit and margins down on new platform costs; net debt rises, core sales resilient.MARRQ2 2025
- Revenue rose, but profitability fell as costs and investments increased.MARRQ3 2025
- Revenue grew slightly in FY 2025, but profitability declined amid operational changes.MARRQ4 2025
Next MARR earnings date
Q3 202613 Nov, 2026
MARR
Next MARR earnings date
Q3 202613 Nov, 2026
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