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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.
Spadel
Spadel (SPA) investor relations material
Spadel H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary31 Aug, 2026
Executive summary
Revenue grew by 10.1% year-over-year in H1 2026, driven by strong local brands, innovation, and favorable weather conditions.
Operating profit increased by 22.4% compared to H1 2025, reflecting higher sales volumes and effective cost management.
Growth was observed across all operating regions: Belgium, Netherlands, Luxembourg, France, and Bulgaria.
Financial highlights
Net turnover reached €219.9 million, up 10.1% year-over-year.
EBIT rose to €41.5 million, a 22.4% increase from H1 2025.
Net profit for H1 2026 was €32.6 million, up 21.7% year-over-year.
EBITDA reached €53.6 million, up 19.6% from H1 2025.
Gross cash flow before tax was €51.7 million, compared to €43.8 million in H1 2025.
Outlook and guidance
Full-year 2026 results are expected to surpass 2025, assuming continued favorable market conditions.
Ongoing innovation, especially in functional drinks, is expected to drive further growth.
The group remains cautious about geopolitical, macroeconomic, and regulatory risks that could impact costs.
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Latest events from Spadel
Next Spadel earnings date
H2 202630 Mar, 2027
Spadel
Next Spadel earnings date
H2 202630 Mar, 2027
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Frequently asked questions
Spadel SA is a family-owned European company specializing in the production and marketing of natural mineral waters, spring waters, and refreshing mineral water-based soft drinks. The company operates under prominent brands such as Spa, Bru, Wattwiller, Carola, and Devin. The company is headquartered in Brussels, Belgium, and its shares are listed on the Euronext Brussels.