Orsero 9M 2026 slides: profit falls as commodity pressure hits margins

Orsero Group reported a decline in its adjusted net profit for the nine months ending September 30, 2026, as commodity pressure weighed on its profitability. Net sales grew 2.1% year-over-year, reaching €1,303.2 million, while adjusted net profit fell 20.8% to €26.1 million. The company's shares traded at $14.26 on November 13, barely rising 0.28% from the previous close.

Orsero faced euro area inflation of 3.8% in September 2026 and unprocessed food inflation of 4.0%. Supply chain disruptions due to the Middle East crisis increased transportation costs, while energy and warehouse expenses rose. Despite the profit decline, operating cash flow stood at €36.0 million, allowing for continued investment in strategic initiatives and shareholder returns.

Orsero made significant progress on its growth and transformation agenda by acquiring a 45% stake in Trucco Group for $46.5 million. Capital expenditures totaled €16.7 million, with investments in distribution network strengthening, software systems, and new distribution platforms.