Bel Group’s first-half earnings fell despite a sales increase, with net profit down 5.4% to €45.8m. Recurring operating income was €125m, a 19.3% decrease from 2024. The company cited raw material inflation impacting profitability.

Consolidated net sales were €1.86bn, up 3.2% organically. Bel Group CEO noted geopolitical instability but praised brand resilience. Core brands saw sales growth, with Kiri up 8.2%, Mini Babybel up 6.1%, and Boursin up 7.3%.

Despite challenges in the Middle East and price sensitivity, Bel Group’s core brands performed well. North America saw a 6% sales increase, Europe rose 2.3%, and the Middle East region saw a 0.2% sales rise. The company discontinued plant-based brand Nurishh due to profitability issues.

Bel Group’s closure of the Saint-Nazaire production site was part of discontinuing the Nurishh plant-based cheese brand. Geopolitical tensions impacted sales volumes, but core brands like Kiri, Mini Babybel, and Boursin saw sales growth. North America and Europe sales rose, with the Middle East region seeing a slight increase.

Read more at Yahoo Finance: Bel Group H1 profits decline despite higher sales