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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Tetra Laval
Tetra Laval (TETRA) investor relations material
Tetra Laval has been private
Tetra Laval Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 25/26 earnings summary4 May, 2026
Executive summary
Group revenue for 2025 was €15.5 billion, with a slight decrease in overall revenue but strong profitability and excellent cash flow despite geopolitical instability and tariffs impacting supply chains and consumer demand.
Tetra Pak saw a 0.3% decline in net sales to €12.4 billion, driven by lower consumption in China and Southeast Asia, but Processing Solutions grew 5.7% and Services 4.7%.
DeLaval achieved record net sales of €1.4 billion, up 8%, with strong aftermarket growth and improved operating margin, driven by high milk prices and demand for automation.
Sidel posted a 3% revenue increase to €1.8 billion, with services up 7% and a record operating margin, supported by innovation and a successful transformation program.
Financial highlights
Tetra Laval Group net sales: €15,545 million in 2025.
Tetra Pak net sales: €12,350 million; Sidel: €1,775 million; DeLaval: €1,425 million.
Tetra Laval Group employed 35,132 people at year-end 2025.
Net impact of US tariffs was around €20 million.
Humanitarian aid donations to Ukraine totaled €40 million since the war began.
Outlook and guidance
Tetra Pak expects slight growth in 2026, with somewhat lower operating profit and good cash flow.
DeLaval anticipates increased sales and continued good operating margin in 2026.
Sidel forecasts increased sales, good operating margin, and cash flow for 2026.
Group-wide, moderate sales growth, stable operating margin, and lower cash flow are expected for 2026.
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