As stated on 6 October, the third quarter was marked by contrasting trends. Growth in Consumer was less sustained than expected in Europe and was slowed down by the persistent wait-and-see attitude of customers in the United States. Nevertheless, the Group delivered solid performance in China and across several European markets. Furthermore, although still down over the first nine months, Professional Coffee returned to growth this quarter.
Results for the first nine months reflect these evolutions - in a particularly complex environment - impacted by tariffs in the United States, currency volatility, and the decline in Professional Coffee in the first half.
Our ambition is clear: to restore our sustainable growth momentum and our profitability standards. To this end, we are launching a plan to continue investing in the future, accelerate our growth and streamline our organizations, including approximately 200 million euros in recurring savings by 2027. This plan is a catalyst for our future collective success.