Floridienne (FLOB) Q1 2026 TU earnings summary

Executive summary

• Sales and profitability increased across all divisions in the first quarter of 2026.

• Life Sciences benefited from strong demand for biological solutions and international expansion.

• Food Division saw growth in sales and profitability, driven by cold sauces and export demand.

• Recycling Division restored profitability due to better capacity utilization and higher metals prices.

Segment performance

• Life Sciences: BIOTROP drove growth with biological solutions for open-field crops; international deployment ongoing.

• Natix expanded bioactives and integrated Terhormon, acquired in September 2025.

• Food: Cold sauces performed strongly; production capacity being increased; transformation plan for snail-based specialities underway.

• Recycling: SNAM improved profitability; processed volumes set to rise; battery recycling outlook positive; Kimflor in Turkey continues to grow.

Outlook and guidance

• Positive outlook for 2026, with confidence in continued growth across all divisions.

• Battery recycling expected to benefit from electric mobility trends.

• Limited impact from Middle East tensions due to diversified activities and supply sources.