The meeting was held at Pavillon Gabriel on May 12, 2026, with webcast access, attended by board members, executives, auditors, and shareholders; the agenda included financial results, strategic plans, governance, and voting on resolutions.
The chair acknowledged the retirement of the board secretary and outlined the meeting's structure, including presentations, auditor reports, Q&A, and voting.
All required documents were made available to shareholders, and written questions were answered in advance.
2025 sales reached EUR 8.169 billion (+0.3% like-for-like), with net profit group share at EUR 245 million; operating margin fell to 7.4% from 9.7% in 2024.
Net financial debt increased to EUR 2.342 billion, with financial leverage at 2.7x and over EUR 2.5 billion in available liquidity; partly due to a EUR 180 million fine.
E-commerce and DTC sales showed double-digit growth; Americas saw -4.9% sales decline, while Asia and EMEA grew.
Q1 2026 sales rose 2.7% like-for-like, with improved operating margin and strong performance in Americas and China.
Professional segment stabilized in H2 2025, with growth in Germany, China, Eastern Europe, and Middle East.
The Rebound Plan was launched in 2026 to restore profitability and simplify operations, targeting EUR 200 million in annual savings by 2027 and impacting up to 2,100 positions globally.
Focus areas include innovation, digital transformation, AI integration with over 800 use cases, and sustainability.
Medium-term ambition is 5% annual organic sales growth and operating margin progressing toward 11%.
Product innovation highlighted by successful launches (e.g., Coffee Crush, Cookeo Infinity), new categories, and expansion in e-commerce and social commerce.
ESG initiatives advanced, including energy efficiency, circular economy projects, supplier engagement, and significant GHG emission reductions.
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