EarningsQ2 2026 Earnings Report
MX:ARYNN Q2 2026 EPS Results
Actual EPS$36.89
Consensus EPS$36.89
Beat/MissMet expectations
One Year Ago EPS$35.19
MX:ARYNN Q2 2026 Revenue Results
Actual Revenue$21.22B
Expected Revenue$22.34B
Beat/MissMissed by -$1.12B
YoY Revenue Growth-4.54%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeTBA
Conference CallMonday, August 10, 2026
MX:ARYNN Upcoming Earnings
ARYZTA AG's next earnings date is estimated for March 8, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call paints a mixed picture: near-term top-line pressure and notable regional weakness in Germany drove organic decline and margin compression, but material positives include clear progress on Project Excellence, confirmed cost savings (EUR 8–10M to date), stronger capital structure (net debt down ~EUR 100M, leverage 2.7x), stable free cash flow, a high innovation rate (~19%), and strategic actions (hybrid repayment, French bolt-on acquisition, Perth ramp). Management reiterated full-year profit improvement targets while guiding to the lower end of organic growth, and they are assessing options for Germany with further clarity expected in H2. Overall, upside depends on execution of cost programs and stabilization in European demand.Company Guidance
Revenue and Organic Growth
H1 2026 revenue of EUR 1,063.9 million with organic growth of -2.7%; reported total revenue decrease of 2.1% (EUR 22.5 million) partly offset by +0.6% FX.
Profitability and EBITDA
Reported EBITDA of EUR 139.9 million with a group EBITDA margin of 13.2% (70 basis points below prior year) and management reiterating expectation to deliver further EBITDA and EBIT improvement for the full year.
Cash Generation and EPS
Free cash flow of EUR 23.6 million (largely in line with prior year and guidance) and earnings per share of EUR 1.82 (largely stable versus prior year).
Stronger Capital Structure
Total net debt reduced by almost EUR 100 million to EUR 789 million, leverage at 2.7x; core equity increased to 23.3% of total assets from 18%, supporting reduced financing costs and improved financing guidance.
Financing Cost Improvement
Total financing costs decreased (management noted improvement vs prior year) and full-year financing cost guidance improved to the lower end of the EUR 37 million–EUR 40 million range (previously EUR 40–43 million).
Project Excellence Progress and Cost Savings
Excellence Programme has covered ~45% of production volume, confirmed EUR 8–10 million gross operational cost reductions to date, organizational alignment expected to deliver ~EUR 10 million annual gross savings, and a targeted EUR 20–30 million net savings by 2028.
Innovation and Margin Support
High innovation rate (~19.0–19.2% of revenue) contributing to premiumization and margin—innovation added ~20 basis points to gross margin; procurement & other savings contributed ~90 basis points.
Strategic Actions and M&A
Repayment of the last outstanding hybrid bonds in April and completion of a French bolt-on acquisition (distribution platform) expected to contribute to revenue in H2; Perth factory ramp-up anticipated to add revenue in H2.
Return-to-Shareholders Roadmap
Board intends to propose capital return options (dividend, buyback, or combination) at AGM 2027, targeting progressive evolution toward Swiss-listed SME payout ratios.
MX:ARYNN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed