Kri-kri Milk Industry S.a. · ATHEX:KRI
Kri-kri Milk Industry — FY2024 Earnings Presentation
13 slides from Kri-kri Milk Industry's earnings presentation, April 2025
Slide 1: Analysts' Brief 2024 Full Year Results
Authentic products drive sustainable growth ANALYSTS’ BRIEF 2024 FULL YEAR RESULTS April 2025
Slide 2: Legal disclaimer
INVESTOR PRESENTATION | FY 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 contai
Slide 3: Financial Results
INVESTOR PRESENTATION | FY 2024 Financial Results 03 Profit and Loss Statement Margins €m FY 2024 Rev.Est. FY 2023 FY 2024 Rev.Est. FY 2023 Δ% yoy Sales 256,4 245,0 216,3 18,5% Gross Profit 76,1 72,5 5,1% 29,7% 33,5% Operating Expenses 38,9 32,2 20,8% 15,2% 14,9% EBITDA 42,6 45,1 -5,6% 16,6% 20,9% E
Slide 4: Input costs
INVESTOR PRESENTATION | FY 2024 Input costs 04 Raw milk price €/100Kg 57,0 55,0 53,0 51,0 49,0 47,0 45,0 m1 m2 m3 m4 m5 m6 m7 m8 m9 m10 m11 m12 Greek 2024 Greek avg H1 Greek avg H2 Greek 2025 EU 2024
Slide 5: Gross Profit bridge
INVESTOR PRESENTATION | FY 2024 Gross Profit bridge 05 €m 13,1 -3,5 -0,4 76,1 Gross margin erosion 72,5 -4,4 -1,2 • Increased input prices of H2 • Increased labour costs Gross profit FY 2023 Sales quantities Sales prices Input prices H1 Input prices H2 Production expenses Gross profit FY 2024
Slide 6: EBIT bridge
INVESTOR PRESENTATION | FY 2024 EBIT bridge 06 €m EBIT margin erosion 3,7 40,3 • Δ% Sales +18,5% 37,2 -6,7 • Δ% OpEx +20,8% EBIT FY 2023 Gross profit var OpEx var EBIT FY 2024
Slide 7: Figures to explain
INVESTOR PRESENTATION | FY 2024 Figures to explain 07 Labour cost Cash flow / change in WC • Increased headcount to improve work-life balance • Increased headcount to improve work-life balance • Increase in salaries of ~7% • Increase in salaries of ~7% €m FY 2024 FY 2023 Δ €m FY 2024 FY 2023 Δ% Inve
Slide 8: Segment review Yogurt exports
INVESTOR PRESENTATION | FY 2024 Segment review Yogurt exports 08 Key Highlights 129,2 97,5 • Strong growth in major markets: UK +43%, Italy +17% • Good start in France 21,3 20,1 • Yogurt exports now represents 63% of total yogurt sales Sales EBIT 2024 2023 Sales +32.5% EBIT +6.2%
Slide 9: Segment review Yogurt Greece
INVESTOR PRESENTATION | FY 2024 Segment review Yogurt Greece 09 Key Highlights 75,9 76,0 • Stable in value, but increased in volume terms (+4.5%) • Price reductions aimed to support domestic consumption 11,8 6,6 • Leading supplier in private label. Inflation Sales EBIT turns more consumers to value
Slide 10: Segment review Ice cream Greece
INVESTOR PRESENTATION | FY 2024 Segment review Ice cream Greece 10 36,7 Key Highlights 32,3 • Strong double-digit growth in sales • Expansion of our sales network • Successfully adjusted prices 7,2 6,5 Sales EBIT 2024 2023 Sales +13.4% EBIT +11.9%
Slide 11: Frozen yogurt in USA
INVESTOR PRESENTATION | FY 2024 Frozen yogurt in USA 11 Key Highlights Risks • Launched in September 2024 • Tariffs • Presence in 250 stores • No material impact on results • In progress, to sign a contract with a large retailer for private label frozen yogurt, starting on early 2026
Slide 12: Estimates for 2025
INVESTOR PRESENTATION | FY 2024 Estimates for 2025 12 Total sales are expected to reach Sales Growth €300m in 2025. IFRS - €m 2025e 2024 Δ% 2023 2022 2021 Sales 300 256,4 17,0% 216,3 171,8 134,6 EBIT 42 - 45 37,2 40,3 4,0 16,7 EBIT % 14%-15% 14,5% 18,6% 2,3% 12,4% EBIT margin is expected between Pro
Slide 13: Share information
INVESTOR PRESENTATION | FY 2024 Share information 13 Share information Shareholders’ structure Contact information Tsinavos Family : 69,8% KRI KRI S.A. MILK INDUSTRY Market: Main market Institutionals abroad : 12,0% 3rd km Serres-Drama Sector: Food & Beverage Serres Institutionals domestic : 11,7% P