Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — FY2024 Earnings Presentation
19 slides from Apetit Oyj's earnings presentation, 2025
Slide 1: Financial Statements Release 2024
Financial Statements Release 2024 Esa Mäki, CEO, Apetit Plc
Slide 2: Vision: Growing and profitable market leader in plant-based products
Vision: Growing and profitable market leader in plant-based products Progress of EBIT, reported EBIT, EUR million 9.3 7.5 3.9 3.5 2.8 2019 2020 2021 2022 2023 2024 -4.8
Slide 3: January-December 2024: net sales and operating result
January-December 2024: net sales and operating result NET SALES, EUR million NET SALES, EUR million • Net sales were 162.6 (175.5) EUR million 1-12 2023 1-12 2024 1-12 2023 1-12 2024 • Operating result was 9.3 (7.5) EUR million • EBITDA was 16.0 (13.2) EUR million 175.5 162.6 • Net sales declined, m
Slide 4: October-December 2024: net sales and operating profit
October-December 2024: net sales and operating profit • Net sales were 42.9 (42.6) EUR million NET SALES, EUR million NET SALES, EUR million • EBITDA was 4.2 (3.7) EUR million • EBIT was 2.4 (2.2) EUR million 10-12 2023 10-12 2024 10-12 2023 10-12 2024 • Net sales and operating result were on a par
Slide 5: Strong financial position
Strong financial position EUR million 31.12.2024 31.12.2023 Working capital 34.5 23.0 Group’s net cash flow from operating activities 3.2 9.7 Group’s total equity 107.6 103.5 Group’s net debt 3.3 -5.7 Group’s Equity ratio, % 79.8 78.9 Group’s Gearing, % 3.1 -5.7 Earnings per share, EUR 1.37 1.56 Gro
Slide 6: Food Solution January-December 2024: Operating result clearly improved
Food Solution January-December 2024 Operating result clearly improved from NET SALES, EUR million comparison year 1-12 2023 1-12 2024 73.7 75.8 • Net sales were 75.8 (73.7) EUR million and EBIT 8.1 (5.8) EUR million • Growth of netsales was driven by the retail trade and the Food service sector +3%
Slide 7: Food Solutions: Progress of EBIT
Food Solutions Progress of EBIT 8.1 5.9 5.8 5.0 4.2 1.5 2019 2020 2021 2022 2023 2024 EBIT, EUR million
Slide 8: Successful harvest season for open-field vegetables
Successfull harvest season for open-field vegetables • The success of from field to freezer chain and harvest season production strengthened the result of Food Solutions • The frozen pea with a record-large contract farming area, the field-to-factory process ran smoothly • Long growing season for ro
Slide 9: Oilseed Products January-December 2024
Oilseed Products January-December 2024 Operating result slightly NET SALES, EUR million declined from 1-12 2023 102.4 1-12 2024 comparison year 87.4 • Net sales were 87.4 (102.4) EUR million and operating result 4.2 (4.6) EUR million • Net sales decreased due to lowered market prices of oilseeds • C
Slide 10: Oilseed Products: Progress of EBIT
Oilseed Products Progress of EBIT 4,6 4,2 2,0 2,0 1,5 0,4 2019 2020 2021 2022 2023 2024 EBIT, EUR million
Slide 11: Finnish oilseed plant harvest increased
Finnish oilseed plant harvest increased • The domestic oilseed plant harvest increased in 2024 by more than a fifth from the previous year, amounting to 50 million kilos (2023: 42 million kilos) • Spring rapeseed accounted for approximately 47 million kilos of the total harvest • According to the pr
Slide 12: Topical issues
Topical issues
Slide 13: Operating environment: the inflation of food stopped
Operating environment: the inflation of food stopped • The average annual change in the consumer price index for food in 2024 was 0.0 per cent year-on-year* • Value of sales of groceries increased by 1.6 per cent and the volume of food sales by 2.1 percent in 2024 ** • Food Service wholesale decreas
Slide 14: Strategic investments progressed as planned
Strategic investments progressed as planned • The update of the Group’s ERP system has progressed on schedule: • deployment in Food Solutions was carried out successfully at the turn of September and October, Oilseed Products during the second half of 2025 • The bottling line at the Kantvik vegetabl
Slide 15: More domestic plant proteins
More domestic plant proteins • We have started analysing different options for the production of BlackGrain plant protein • The analysis assesses potential partnerships and the organisation of production either through making an investment in the Kantvik vegetable oil milling plant or with purchased
Slide 16: Sustainable food solutions
Sustainable food solutions • Apetit has reduced its own CO2 emissions by 73 per cent from 2019 • Apetit is committed to change all of its packaging materials to renewable • In 2024, recyclable packaging materials were introduced for Apetit’s frozen peas, spinach and wok products, for example • Säkyl
Slide 17: Profit guidance for 2025 and dividend proposal
Profit guidance for 2025 Otsikko and dividend proposal • Group’s operating result is estimated to slightly decrease from the comparison year (EUR 9.3 million in 2024) • The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.75 per share be paid for the financial year
Slide 18: Last year of strategy period
Last year of strategy Otsikko period • By the end of 2024, we achieved the financial objectives set for the period • We will continue to develop Apetit in line with our vision: Growing and profitable market leader in plant-based products • Financial objectives for the strategy perion 2023–2025: • EB
Slide 19: Thank you
] ‘thank you.