Overview
- Full-year net profit fell 48.4% to €307 million, reflecting higher separation, restructuring and finance costs, including about €118 million tied to the split.
- Free cash flow dropped to €38 million from €803 million, which the company linked to demerger cash outflows, an interim operating model, interest on new loans and transitional services with Unilever.
- Revenue was broadly flat at €7.9 billion, with fourth‑quarter sales volumes down 3% and operating profit easing to €599 million from €764 million.
- Shares fell more than 14% on Thursday as investors weighed demand risks from GLP‑1 weight‑loss drugs, a threat the CEO sought to downplay.
- A governance fight around Ben & Jerry’s intensified with board removals and US court filings, even as the CEO rejected a sale and labeled the dispute “noise.”