Important events

The Bell Food Group can look back on a successful 2025 financial year. Adjusted for once-off effects, all essential key indicators have seen an increase. EBITDA improved by CHF 9.7 million to CHF 360.3 million (+2.8 %). At CHF 171.5 million, EBIT was up on the prior year by CHF 4.6 million (+2.8 %). Net revenue grew organically by CHF 212.1 million to CHF 4.9 billion (+ 4.5 %). This pleasing growth in net revenue was primarily driven by the business areas Hubers/Sütag and Bell Switzerland, which continued the positive trend of the previous years. The annual result amounted to CHF 126.9 million (+2.6 %). Our productive capacity and competitive product ranges enabled us to achieve this favourable result.

The Bell Food Group has more specifically oriented its production and market portfolio. After selling its companies in Eastern Europe, Eisberg will now focus on the DACH region. The sale of the Eastern European facilities generated a one-time profit at EBIT level of CHF 11.3 million or CHF 7.1 million at the level of annual results. We have overhauled the operating concept for the facility in Marchtrenk (AT) in order to sustainably boost profitability at Eisberg Austria. This location will in future focus on a more efficient core assortment that is optimally geared to the market. With the integration of the production facility of Hermann Wein GmbH & Co. KG in Freudenstadt (DE) as of 1 February 2026, the business area Bell International is strengthening its position in the European market for air-dried ham, thus perfectly complementing its existing activities. By planning to relocate its production activities in Redditch (UK) to the existing facilities in Radolfzell (DE) and Zásmuky (CZ) in the medium term, the business area Hügli aims to further optimise its production structures. The Bell Food Group is cementing its market position and optimising its production landscape with these measures. In the context of this development, we have recognised extraordinary depreciation of CHF 64.4 million.

All business areas have a relevant position in their markets, either as market leader or a strong niche player.

• Bell Switzerland made significant progress in all sales channels and product groups and reinforced its market leadership in its most important core business.
• At Bell International, all country divisions once again improved on the good prior-year results and further enhanced their profitability.
• At Hubers/Sütag, persistent strong demand for poultry products combined with high productivity resulted in substantial volume and earnings growth. The acquisition of Böcker Hatchery strengthens the market position in Southern Germany.
• Following the sale of the Eastern European locations, business area Eisberg will focus its efforts on the DACH region. While the Swiss business is developing favourably, the potential inherent in the Austrian and German markets has not yet been tapped in full; measures to improve this situation have been taken.
• Having registered strong momentum in all core areas, Hilcona successfully continued its growth trajectory and once again increased its net revenue.
• Hügli registered pleasing growth in the important food service sales channel, but market corrections meant that the retail sales channel lagged behind its own expectations.