Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — H1 2024 Earnings Presentation
11 slides from Kri-kri Milk Industry's earnings presentation, September 2024
Slide 1: Analysts' Brief - 2024 Half Year Results
Authentic products drive sustainable growth ANALYSTS’ BRIEF 2024 HALF YEAR RESULTS September 2024
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | H1 - 2024 Kri Kri Legal Legal disclaimer 02 This presentation was prepared by KRI KRI S.A. The information contained herein has been obtained from company and external sources believed to be reliable, but not guaranteed as to its accuracy or completeness. The information cont
Slide 3: Financial Results
INVESTOR PRESENTATION | H1.2024 Financial Results 03 Profit and Loss Statement Margins H1.2024 H1.2023 H1.2024 H1.2023 Δ% Sales 130,87 112,97 15,8% Gross Profit 45,22 41,31 9,5% 34,6% 36,6% Operating Expenses 18,31 14,98 22,2% 14,0% 13,3% EBIT 26,91 26,33 2,2% 20,6% 23,3% EBT 27,05 26,18 3,3% 20,7%
Slide 4: Sales bridge
INVESTOR PRESENTATION | H1.2024 Sales bridge 04
Slide 5: Gross Profit bridge
INVESTOR PRESENTATION | H1.2024 Gross Profit bridge 05
Slide 6: EBIT bridge
INVESTOR PRESENTATION | H1.2024 EBIT bridge 06 EBIT margin erosion • Δ% Sales +15,8% • Δ% OpEx +22,2%
Slide 7: Segment review Yogurt exports
INVESTOR PRESENTATION | H1.2024 Segment review Yogurt exports 07 63,3 Key Highlights 49,5 • Strong growth in major markets: UK +42%, Italy +18% 13,7 12,6 • Good start in France • Yogurt exports now represents 63% of Sales EBIT total yogurt sales 2024 2023 Sales +27.8% EBIT +8.8% Margin -2.2pp
Slide 8: Segment review Yogurt Greece
INVESTOR PRESENTATION | H1.2024 Segment review Yogurt Greece 08 Key Highlights 37,8 38,8 • Lower market share reduction than our competitors • Leading supplier in private label. Inflation 7,0 5,4 turns more consumers to value for money products Sales EBIT • Total market share was stabled in value 20
Slide 9: Segment review Ice cream
INVESTOR PRESENTATION | H1.2024 Segment review Ice cream 09 Key Highlights 21,9 • Strong double-digit growth in sales 18,0 • Expansion of our sales network • Increased market share by 0,1 p.p. • Remaining of the season the growth rate slowed down 6,3 5,2 Sales EBIT • Exports development with “Greek
Slide 10: Estimates for 2024
INVESTOR PRESENTATION | H1.2024 Estimates for 2024 10 Total sales are expected to exceed Sales Growth €245m in 2024. 2024 2024 IFRS - € 2023 Δ% 2022 2021 est. init. EBIT margin is expected to be Sales 245 233 216,3 13,27% 171,8 134,6 Profit Margins around 16%. EBIT 39,2 35,0 40,3 -2,73% 4,0 16,7 EBI
Slide 11: Share information
INVESTOR PRESENTATION | H1.2024 Share information 11 Share information Shareholders’ structure Contact information Tsinavos Family : 72,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals domestic : 10,6% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals abroad : 9,7% PC
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