Q1 2026 Trading Update Solid start to the year, executing on strategy; FY guidance reaffirmed Amsterdam, 30 April 2026 Solid Q1 2026, with revenue of €1.770bn (Q1 2025 €1.792bn), +4.5% organic sales growth (OSG) year-on-year Healthy contributions from volume growth +2.9% and price growth +1.6% Reported revenue growth down 1.2% year on year, due to foreign exchange translation impact of -5.5% Good progress for the productivity programme during the quarter and on track for the full year Acquisitions of India and Portugal completed on 30 March 2026 and 1 April 2026 Highlights In €, percentage (unaudited) Q1 2026 Q1 2025 Revenue (in € billions) 1.770 1.792 Reported revenue growth -1.2% 4.2% Organic Sales Growth (a) 4.5% 3.8% Organic Volume Growth 2.9% 1.4% Organic Price Growth (a) 1.6% 2.4% (a) India and Portugal were not in the perimeter during the quarter and paid royalty for the use of TMICC brands. This was recognised in Revenue, OSG and OPG.
Q1 2026 Trading Update
Source: GlobeNewsWire