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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.
Phoenix Mecano
Phoenix Mecano (PMN) investor relations material
Phoenix Mecano Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M 2026 gross sales rose 2.5% YoY to €585.9m; EBITDA increased 13.1% to €61.5m and operating result rose 18.7% to €43.9m.
Period result fell 3.4% to €24.7m, mainly reflecting currency losses from the strong renminbi and Hungarian forint.
Financial highlights
9M net sales were €577.1m, up 2.1% YoY; incoming orders rose 3.9% to €588.0m and book-to-bill was 1.00.
Q3 gross sales increased 2.7% YoY to €196.7m; net sales rose 2.8% to €193.7m.
Q3 EBITDA grew 9.5% YoY to €23.6m; operating result rose 12.2% to €17.6m, while period result declined 10.3% to €10.1m.
Outlook and guidance
FY 2026 guidance reaffirmed: profitability expected to improve, with operating result above the prior year's level.
Strong orders are expected to support Q4 growth; European recovery and energy transition, AI, automation and reshoring are growth drivers.
DOT cost and innovation initiatives are advanced; benefits are expected from 2027, ahead of its planned partial IPO.
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Latest events from Phoenix Mecano
- Profitability rose in Q3 despite sales decline; full-year result expected up to 20% lower.PMN
Q3 2025 - Q1 2026 saw higher sales and margins, with strong industrial growth and resilient financials.PMNQ1 2026
- Sales dipped, but order growth and DewertOkin's momentum support a positive outlook.PMNQ3 2024
- Streamlined for growth, the group targets profitability and innovation in industrial and smart furniture sectors.PMNCMD 2025 presentation
- Q1 2025 saw rising profitability and sales, but US tariff risks overshadow future prospects.PMNH2 2024
- H1 2024 saw lower sales and profit, but DewertOkin Technology Group achieved robust growth.PMNH1 2024
- Sales and profits fell 1.5% in H1 2025 amid tariff and supply chain disruptions, with a 20% lower outlook.PMNH1 2025
- Q1 2026 saw robust sales and profit growth, with a positive outlook but ongoing geopolitical risks.PMNH2 2025
- EBIT and sales grew, driven by industrial demand, but DOT margins fell amid market headwinds.PMNH1 2026
Next Phoenix Mecano earnings date
Q1 202721 Apr, 2027
Phoenix Mecano
Next Phoenix Mecano earnings date
Q1 202721 Apr, 2027
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