Our first-half performance was in line with our expectations, with organic sales growth once again exceeding 5% in the second quarter in a less-favorable-than-anticipated expected environment, coupled with a sharp rise in our operating margin.

Our Consumer business continued the trend of recent quarters, driven by Europe and America. Our performance in Asia proved resilient in a depressed market.

This overall momentum was the result of our long-term strategy focused on product innovation and activating all distribution channels.

The Professional business posted a record first-half performance in Coffee, characterized by strong deliveries from major contracts, particularly in China. We also continued to make headway in new regions and new customer segments and expanded our positions in the professional culinary market with the acquisition of Sofilac.

We remain confident in our ability to achieve an operating margin close to 10%, with organic sales growth of around 5% for the year.