Bel : First-Half 2021 Financial Information- Sales and Financial Results

Meeting July 29, 2021 under the chairmanship of Antoine Fievet, Bel's Board of Directors approved the consolidated financial statements for the six-month period ended June 30, 2021. Additionally, the statutory auditors' report on the consolidated financial statements for the interim period was issued without qualification.

Antoine Fievet, Chairman and Chief Executive Office of the Bel Group, said, 'The first half of the year was marked by significant disparities around the world. While the first quarter was adversely impacted by an unfavorable comparison base stemming from the Covid-19 pandemic, lost ground was clearly made up in the second quarter, with robust organic sales growth achieved and strong performances reported by many of our core brands, despite persistent difficulties encountered in the Middle East and North Africa region. MOM's excellent performance during the period and the continued growth path sustained in the North American and Chinese markets validated our strategic decisions and the relevance of our transformation plan, which is aimed at building Bel's leadership in the healthy snack market. These growth drivers will be key to building a sustainable future for Bel and are expected to continue supporting our performance in the second half of 2021.'