Vandemoortele reported a sales increase of 10.6% in the first half of 2025 compared to the previous year, boosted by recent acquisitions. “In the first half of 2025, the Vandemoortele Group achieved solid growth despite a difficult market environment,” said CEO Yvon Guérin. “The integration of recent acquisitions in Italy and the US contributed to growth, while our teams focused on improving the product mix, investing in innovation, and managing costs.”

The company’s revenues in the first half of 2025 amounted to EUR 1,053.7 million, which is an increase of EUR 101.2 million or 10.6%, compared to the same period in 2024. The Bakery Products category was among the growth drivers, the company highlights, supported by the integration of Banneton, Dolciaria Acquaviva, and Lizzi.

Adjusted consolidated EBITDA amounted to EUR 124.7 million, close to the record level of EUR 125.1 million in the previous year. The Bakery Products division contributed EUR 93.4 million (+ EUR 14.7 million). Plant-Based Food Solutions recorded adjusted EBITDA of EUR 31.0 million, down from the record profitability of 2024.

The Group’s adjusted EBIT amounted to EUR 70.2 million, compared with EUR 90.6 million in the previous year. The Group’s EBIT fell to EUR 52.4 million (from EUR 81.5 million in the first half of 2024). “Although our overall profit situation was worse than in the previous year, the investments and initiatives of the first half of 2025 lay the foundation for greater efficiency and long-term growth,” adds Yvon Guérin. “The upcoming acquisitions of Bunge’s European margarine and spreads business and Délifrance will transform our business, expand our product portfolio, and strengthen our international presence.”

Jean Vandemoortele, Chairman of the Board of Directors, on the outlook for the second half of 2025: “Despite the challenges posed by lower consumer purchasing power and international trade tensions, we expect the Group’s adjusted EBITDA for the full year to remain largely in line with 2024. The main priorities will be to further integrate Banneton, Dolciaria Acquaviva, and Lizzi, complete the transformative acquisitions of Bunge and Délifrance, and drive forward strategic investment projects.”

Photo: Vandemoortele