The Fleury Michon group confirms a positive commercial dynamic in 2025, despite an environment that remains constrained. The Vendée-based catering specialist reports consolidated revenue of 836 million euros (up 3.6% at constant perimeter), driven both by volumes in large distribution and by the strong growth of its international activities. The GMS France division records a growth of 2.6%, while the international business jumps by more than 10%, notably thanks to airline catering. This segment even outperforms the growth of global air traffic, supported by the acquisition of new major clients on several continents. In line with this expansion, the group plans to open a production site in the United States to meet demand, announces Le Journal des Entreprises. Another strategic signal: the diversification of the offer. The legume-based range of Fleury Michon, for example, doubled its sales in one year, illustrating the evolution of consumption habits towards more plant-based products. Despite these commercial performances, profitability remains under pressure. The current operating result stands at 12.2 million euros (compared to 12.3 million in 2024), with a margin limited to 1.5%. This erosion is mainly explained by the surge in poultry prices, linked to sustained global demand and episodes of avian influenza. The net result drops more sharply, to 13.6 million euros, from 47.8 million a year earlier. On the financial side, the group is intensifying its industrial and environmental investments, with 42.1 million euros committed. Net debt reaches 9.4 million euros, notably due to a strengthened storage policy aimed at securing supplies in a volatile context.