Key figures

2026 Half-year results

1. Sales growth LFL - LFL: Like-for-like, defined as: (a) sales calculated using the invoicing exchange rates of the prior year, and (b) excluding sales of businesses acquired from the acquisition date until the period end date, up to 12 months from the acquisition date.

2. Adjusted Free Cash Flow (FCF) refers to operating cash flow after net investments, interest paid, lease payments, purchase and sale of own equity instruments and significant items of a non-recurring nature which have an impact on the understanding of the underlying normal free cash flow, and from 2027, the adjustments in relation to the cash movements on foreign exchange gains and losses allocated to the operating cash flow under IFRS 18.

Analysis tool for our half-year figures

“We are pleased with our sustained solid financial performance in the first half of 2026. Despite ongoing geopolitical and macroeconomic challenges, our business continued to display good growth momentum and industry leading profitability. Once again, we see the strength of the natural hedges of the Group and the impact of the strong focus of the entire organisation in supporting the growth of our customers.”

Christian Stammkoetter, CEO

Read the media release
 

CNBC interview with our CEO on the 2026 half-year results