Vandemoortele expects an upturn after a difficult first half of the year

In difficult market conditions, both revenue and profits are under pressure at the Belgian food group Vandemoortele. Nevertheless, the company—which is cutting costs and investing in efficiency—describes its half-year results as “resilient.”

Weaker consumer confidence

Vandemoortele saw revenue decline by 3.8% in the first half of 2026 to just over 1 billion euros. Adjusted EBITDA fell by 6.6% to 116.5 million euros, compared with 124.7 million a year earlier. That decline was mainly attributable to acquisition costs: excluding those specific costs, adjusted EBITDA remained stable compared with 2025, the company says. Net income fell 41% to 10 million euros.