2025 annual results
The Spadel Group continues to grow, with 2025 another very solid year
In growing markets, Spadel reported strong earnings growth in 2025. The Group recorded a substantial increase in sales volumes, turnover and operating profit, while several of its local brands gained market share.
- There was a substantial increase in turnover (+11,8%), driven by all the markets where the Group is active.
- Due to the success of its leading local brands, volumes sold by the Spadel Group increased by 8,2%.
- Operating profit (EBIT) rose by 26,6%, a solid performance that reflects both buoyant markets and the Group's ability to launch innovative products that meet changing consumer needs.
- Proposed gross dividend: 4,00 euros/share (2,80 euros net) up by 25,0% compared with the previous year.
The Spadel Group has continued to build on its success in 2025. Having already recorded an exceptional year in 2024, the Group has managed to do even better in 2025, due to good performance by all its brands and markets. Volumes sold rose by a significant 8.2% compared with 2024, enabling the company to grow faster than the market as a whole. This increase is part of a very positive trend for the entire natural mineral water and spring water category. The Group's turnover and profitability have also seen double-digit growth in 2025. These remarkable results once again underline the success of the multi-local strategy implemented by the Spadel Group for several years. It can rely on strong local brands in all the countries where it operates: Spa and Bru in the Benelux countries, Carola and Wattwiller in France and Devin in Bulgaria.
2025 was another year of strong growth for Spadel, with sales volumes up by more than 8% on 2024.
Marc du Bois, CEO of Spadel: "2025 was another year of strong growth for Spadel, with sales volumes up by more than 8% on 2024. This is an absolutely outstanding performance, and I would like to congratulate all the Group's teams, especially those in our factories, who worked at full capacity for almost the entire year. Their ability to continually adapt our production and logistics model to meet fast-growing demand was a key factor in achieving these results. Our success, which continues year on year, can be explained by a number of underlying trends. Firstly, there is the fact that consumers are increasingly turning away from alcohol, leading many of them to embrace our mineral waters as a substitute for alcoholic beverages. Then there are the growing concerns about sugar, health and well-being, which are encouraging consumers to turn more towards our healthy, natural drinks. Finally, there is the rise in consumers favouring more local, more authentic players rather than global brands. The fact that our local brands are strongly rooted in their regions clearly makes them more attractive and reassuring in the eyes of consumers."