Bel Société anonyme engages in the production and distribution of cheese in the Europe, the Middle East, Greater Africa, Americas, and Asia Pacific. The company offers its products under the The Laughing Cow, Kiri, Mini Babybel, Leerdammer, Boursin, Pom'Potes, and GoGo squeeZ brands, as well as approximately 30 local brands. It also provides commercial and institutional catering services to commercial catering companies, school canteens, residential homes, and fast-food caterers. The company was formerly known as Fromageries Bel SA. Bel Société anonyme was founded in 1865 and is headquartered in Suresnes, France. Bel Société anonyme is a subsidiary of Unibel SA.

Bel Société anonyme

Groupe Bel engages in the food and cheese industry in France, self-described as a pioneer in its field.

Groupe Bel

Food and Beverage Manufacturing

Bel Algérie

Bel Foodservice France

Marketing Services

Bel Licensing

Kiri Professional Arabia

Bel | 214,444 followers on LinkedIn. Provide healthier and more sustainable food for all | The Bel Group is a major player in the food industry through portions of dairy, fruit and plant-based products, and one of the world leaders in branded cheeses. Its portfolio of differentiated and internationally recognized brands includes The Laughing Cow®, Kiri®, Babybel®, Boursin®, Nurishh®, Pom’Potes®, and GoGo squeeZ®, as well as some 30 local brands. Together, these brands helped the Group generate sales of €3.645 billion in 2023.

Lorraine DEPONT

Cluster General Manager Northern Europe BEL | UK, ROI/IE, Nordics, Belgium, Netherlands (GM, DG, France, FMCG, CPG, Retail)

★Clémentine Murgier

Bruno CAMOZZI

CFO I Finance director

Sophie GUICHETEAU

The Laughing Cow® is back at the Tour de France! 🎉🚴♂️ We are proud to announce that we will once again be partners of both the Men's and Women's Tour de France in 2025. We are delighted to reconnect with all our supporters on the road. The route for the upcoming Tour de France was revealed, and we are excited about the journey ahead. The tour will start in the North and will pass through the Jura, the birthplace of The Laughing Cow®, where Bel’s story began. The enthusiasm and support we received last year were truly overwhelming. The Laughing Cow® was one of the top favorite among all the Tour activities. This continued partnership underscores our commitment to supporting le Tour de France and engaging with the Laughing Cow® fans. Let's make this next phase even more memorable together! 🌟 #ForAllForGood #LaVacheQuiRit #TourDeFrance

🎉 We’re thrilled to announce that Bel Group has been awarded the Happy Trainee badge for 2025 in France! 🎉 This recognition reflects our ongoing commitment to providing a welcoming, dynamic, and enriching environment for our interns and apprentices. At Bel, we believe that every experience should be an opportunity to grow, learn, and thrive. Our trainees are valued members of the team, contributing fresh ideas while gaining hands-on experience across various departments. If you’re looking to kickstart your career in a company where innovation, collaboration, and sustainability are at the heart of everything we do, Bel is the place for you!💼 Want to join a company that invests in its future talents? Explore our internship and apprenticeship opportunities today! #ForAllForGood #HappyTrainee2025 #LifeAtBel

Happy Halloween from Bel! 🎃👻 Treat yourself to our limited-edition Babybel®, now available exclusively in the U.S. at Target, BJ’s, and Walmart! Whether you’re snacking on the go or adding fun to your spooky celebrations, our bite-sized goodness is the perfect snack! 🧀✨ For our global fans, don’t worry! You can still enjoy our classic Babybel varieties worldwide. 🌍 Don’t miss out—grab yours while they last! #HappyHalloween #Babybel

🪔 Illuminate your Diwali with Bel ! 🪔 Today, millions across India are celebrating #Diwali , the Festival of Lights. This cherished tradition symbolizes the triumph of light over darkness and knowledge over ignorance. ✨ As homes are illuminated with diyas, we are inspired by the radiance of this celebration. Diwali isn't just about bright lights – it's a festival of new beginnings, family bonds, and shared joy. 🐄 We're honored to be part of India's vibrant food culture. Through our partnership with Britannia Industries Limited , The Laughing Cow® has been spreading smiles in Indian households. Just as Diwali brings people together, we hope our creamy cheese adds a touch of delight to your festive gatherings. 😁 As you celebrate with loved ones, create rangoli art, or enjoy festive treats, may The Laughing Cow® bring all of you an extra dash of joy on this special day. शुभ दीपावली! (Happy Diwali!) We hope it is filled with warmth, love, and happiness! #ForAllForGood

The Bel Foundation supports the Restos du Cœur of Hauts-de-Seine! 🌟 From October 16 to 30, the #BelFoundation organized a significant food drive at the Suresnes headquarters to benefit the Les Restos du Coeur of Hauts-de-Seine (92). Each year, 400 families from Rueil-Malmaison, Suresnes, and Puteaux receive aid from the Restos du Cœur of the 92. The food we collect will be directly distributed to these families, including 146 children aged from 0 to 3 years and 357 children aged from 4 to 18 years. 👧🏽👶🏼 This initiative aligns perfectly with the mission of the Bel Foundation: to support charities’ projects that aim to improve the nutrition of the most vulnerable children in France and around the world. 🌍 The President of the association, Murielle Dappe , marc lebourg , the former President Jacques Latil , along with other volunteers, visited our dedicated employees in Suresnes to highlight the importance of combating food insecurity, a cause close to Bel and its motto "For All. For Good". 💚 Additionally, the France Business Unit generously offered 1 ton of The Laughing Cow® bio to support this collect, further demonstrating our commitment to this cause. A huge "thank you" to the Bel Foundation for making this meeting possible: Antoine Fievet , Isabelle Fiévet, Isaure D., Emilie Mbock Together, let's make a difference! #ForAllForGood

Supporting Our Community in difficult times In light of the ongoing situation in Lebanon, our company is committed to supporting our employees and the wider community. We are providing financial assistance to help our employees stock up on essentials and encouraging them to work from safe locations. Beyond this, we wanted to make a meaningful impact on those displaced because of the crisis. We organized a special breakfast event where we served Picon breakfast sandwiches, juice, and biscuits to the children in collaboration with the NGO OneLebanon Inc . More than 700 individuals came home with Picon and bread, ensuring they have some essentials to take home. We are proud to stand with our community during these challenging times and will continue to find ways to support and uplift those in need. #forallforgood #ActorsForGood #Lebanon #Picon

🌍 From Farm to Fork: Bel's Commitment to #Biodiversity As #COP16 Biodiversity kicks off in Cali, the release of #WWF 's latest Living Planet 2024 report is stark on the state of nature and urges us to take immediate and collective action ⏳ At Bel , we are aware that we have a dual relationship with #nature : a dependence and a responsibility. This is why we act from farm to fork around four major axes: measure, avoid, reduce, and restore 🌱. 1️⃣ Measure Our Impact: Since 2012, we've been working with WWF-France France to identify and reduce our environmental impacts. We're also one of the pioneering companies to join the Science Based Targets Network (SBTN) , measuring our biodiversity footprint. 2️⃣ Avoid Deforestation and Natural Ecosystem Conversion: We're committed to zero deforestation in our supply chain by 2025, focusing on high-risk commodities like soy, palm oil, and paper/cardboard. 3️⃣ Reduce Pressures on Biodiversity: Our efforts include reducing greenhouse gas emissions, water use, land use change and pollution across our entire value chain from the farm to the product. 4️⃣ Restore Ecosystems through Regenerative Agriculture: We're developing regenerative agriculture pilot projects for dairy with Land O'Lakes, Inc. in the US and Earthworm Foundation in Azores (Portugal). For apples, we're collaborating with BIOSPHERES in France and understanding AG in the US. From supporting #agroforestry to rehabilitating #peatlands in the Jura region, we're acting at every step. 🧀🍎🌱 👇 Learn more about our biodiversity policy in the first comment. #ForAllForGood #LivingPlanet

What an incredible #SIAL2024 ! 🎉 A heartfelt thank you to everyone who made these 5 days at SIAL Paris unforgettable. Your enthusiasm for our innovations and commitment to sustainable food has been truly inspiring. The conversations we've had and the connections we've made have reinforced our vision for the future of plant-based nutrition. This is just the beginning of our journey to revolutionize the food industry and make plant-based products available to as many people as possible. 🌱🧀 Stay tuned for our upcoming innovations – we can't wait to share what's next! #ForAllForGood #SIALParis #PlantBased #FoodInnovation #Sustainability

Exploring the Future of Alternative Proteins at SIAL 2024 Yesterday, at SIAL Paris , Delphine Chatelin alongside Antoine Baule and other experts shared insights on the future of alternative proteins. Environmental and nutritional challenges are crucial. To feed 10 billion people by 2050, an additional 1.9 billion hectares of land would be needed. Diversifying protein sources is therefore essential. Projections attribute a market share of 11% to alternative proteins by 2035, with 75% being plant-based proteins. 🌾 Collaboration and innovation are at the heart of this transformation. The dialogue between startups, academic world and large companies allows for better dissemination of innovation and complementarity between actors to structure a global movement. 🤝 The challenges and opportunities for the competitiveness of the French territory are numerous. It is crucial to act on capital resources, raw materials price & availability, and regulation to accelerate the sector. France has the means to be competitive, with very dynamic actors and strong support from the various financial support mechanisms for innovation (CIR, BPI…) At Bel , we have a mission: to provide access to healthier and more sustainable food for all through three territories: cheese, fruit, and plant-based. We are committed to diversifying our protein sources to meet the challenges of tomorrow. Bel explores proteins derived from precision fermentation, biomass, plant-based, and collaborates with pioneer startups to develop healthy and sustainable products. 🌍 #ForAllForGood #SIAL2024 #FoodInnovation #AlternativeProteins

🏆 Bel won the “2024 golden trophy” for risk management! Last October 2nd, among nearly 700 participants from the fields of law, compliance, insurance, and risk management, the Leaders League organization awarded the "2024 Golden Trophy" to our Risk Management Department! This 10th edition of the Sommet du Droit en Entreprise was an opportunity to reward most influential, strategic, and innovative companies, and offer public recognition of their vision and achievements. This award is the acknowledgement of the collective work of our local correspondents at plant, business unit, and central level. It also testifies the ambition of the Trust & Ethics Department to promote an engaged risk management culture within our organization. #ForAllForGood #RiskManagement #LeadersLeague

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20
revenue	2.78B -	2.95B 5.95%	2.94B 0.45%	3.35B 13.98%	3.31B 1.03%	3.40B 2.76%	3.46B 1.55%
cost of revenue	1.97B -	1.96B 0.90%	1.88B 3.80%	2.33B 23.61%	2.40B 3.25%	2.43B 1.31%	2.45B 0.60%
gross profit	808.95M -	992.16M 22.65%	1.05B 6.17%	1.02B 3.23%	909.35M 10.80%	969.46M 6.61%	1.01B 3.93%
selling and marketing expenses	393.27M -	487.84M 24.05%	513.75M 5.31%	550.41M 7.14%	432.78M 21.37%	437.99M 1.20%	432.30M 1.30%
general and administrative expenses	185.82M -	195.10M 4.99%	195.60M 0.26%	221.09M 13.03%	249.87M 13.02%	266.61M 6.70%	281.30M 5.51%
selling general and administrative expenses	579.09M -	682.93M 17.93%	709.35M 3.87%	771.50M 8.76%	682.65M 11.52%	704.59M 3.21%	713.60M 1.28%
research and development expenses	15.96M -	16.73M 4.80%	18.38M 9.86%	23.29M 26.70%	23.73M 1.92%	26.72M 12.58%	30.50M 14.15%
other expenses	-662K -	-739K 11.63%	-1.39M 87.82%	-798K 42.51%	-659K 17.42%	-705K 6.98%	400K 156.74%
cost and expenses	2.57B -	2.66B 3.38%	2.61B 1.77%	3.12B 19.63%	3.11B 0.40%	3.16B 1.81%	3.19B 0.90%
operating expenses	594.39M -	698.93M 17.59%	726.34M 3.92%	793.99M 9.31%	705.73M 11.12%	730.61M 3.53%	744.50M 1.90%
interest expense	16.74M -	14.54M 13.18%	18.42M 26.70%	26.07M 41.55%	28.98M 11.15%	28.48M 1.72%	26.60M 6.61%
ebitda	287.03M -	359.18M 25.14%	403.13M 12.24%	230.89M 42.73%	300.84M 30.29%	330.44M 9.84%	393.10M 18.96%
operating income	195.92M -	275.34M 40.54%	314.61M 14.26%	127.74M 59.40%	154.88M 21.25%	208.27M 34.48%	234.90M 12.78%
depreciation and amortization	91.11M -	83.84M 7.98%	88.52M 5.58%	103.16M 16.53%	145.97M 41.50%	122.16M 16.31%	158.20M 29.50%
total other income expenses net	-12.05M -	-10.91M 9.48%	-14.11M 29.35%	39.73M 381.55%	-25.39M 163.90%	-25.66M 1.07%	-17.50M 31.81%
income before tax	183.87M -	264.43M 43.81%	300.50M 13.64%	167.47M 44.27%	129.49M 22.68%	182.61M 41.03%	217.40M 19.05%
income tax expense	56.28M -	76.35M 35.65%	83.06M 8.78%	-10.39M 112.51%	29.43M 383.13%	58.41M 98.48%	64.50M 10.42%
net income	127.58M -	188.08M 47.41%	217.44M 15.61%	177.87M 18.20%	100.06M 43.75%	124.20M 24.13%	152.90M 23.11%
weighted average shs out	6.80M -	6.78M 0.28%	6.79M 0.06%	2.10M 69.11%	6.87M 227.86%	6.79M 1.22%	6.79M 0.00%
weighted average shs out dil	6.80M -	6.78M 0.28%	6.79M 0.06%	2.10M 69.11%	6.87M 227.86%	6.79M 1.22%	6.79M 0.00%
eps	18.76 -	27.73 47.81%	32.04 15.54%	84.86 164.86%	14.56 82.84%	18.30 25.69%	22.52 23.06%
epsdiluted	18.76 -	27.73 47.81%	32.04 15.54%	84.86 164.86%	14.56 82.84%	18.30 25.69%	22.52 23.06%

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