Tessenderlo Group reported a strong first half with adjusted EBITDA of 176.8 million, a margin of nearly 12%, and upgraded its full-year outlook to 5-15% growth over last year's 288 million. The Agro segment saw a 17.3% increase in EBITDA excluding FX effects, driven by higher volumes and price pass-throughs. The company is investing in long-term growth through a $400 million capital increase in FMC Corporation, positioning as a cornerstone investor. However, the Machines and Technologies segment faced revenue declines due to competitive pressures from a weak Japanese yen, and the company plans to close the Vilvoorde plant, incurring a 31 million restructuring charge in H2 2026. Geopolitical tensions and raw material price volatility also pose challenges, but the company remains confident in its diversified portfolio.
Tessenderlo Group N.V.Strong H1 results and raised full-year outlook
FMC CorporationTessenderlo's $400M capital increase in FMC positions as cornerstone investor
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