Spadel (SPA) H1 2025 earnings summary

Executive summary

• Operating profit for the first half of 2025 increased by 12.6% year-over-year, driven by strong sales growth across all markets.

• Net turnover rose by 10.8% to €211.3 million, reflecting robust market demand and successful brand innovations.

• Net profit reached €26.8 million, up 10.7% compared to the same period in 2024.

• All local brands gained or stabilized market share, with notable product launches in Bulgaria and France.

Financial highlights

• Net turnover: €211.3 million (up 10.8% year-over-year).

• Operating profit (EBIT): €33.9 million (up 12.6%).

• EBITDA: €44.8 million (up 9.3%).

• Net profit: €26.8 million (up 10.7%).

• Operating result per share: €8.16; Net profit per share: €6.45 (both up over 10%).

Outlook and guidance

• Full-year 2025 performance expected to exceed 2024, contingent on continued market momentum.

• Cautious approach due to geopolitical tensions and potential tax changes in Belgium.

• Planned €80 million investment in industrial sites over the next three years, focusing on innovation and sustainability.