Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — H1 2026 Earnings Presentation
19 slides from Apetit Oyj's earnings presentation, August 2026
Slide 1: H1/2026 Half-Year Report
H1/2026 Half-Year Report Esa Mäki CEO
Slide 2: April-June 2026: Net sales and operating result
April-June 2026: Net sales and operating result • Net sales were EUR 38.7 (39.2) NET SALES, EUR M OPERATING RESULT, EUR M million • EBIT was EUR -4.5 (-0.8) million 4-6 2025 4-6 2026 4-6 2025 4-6 2026 • EBITDA was EUR -0.9 (1.0) million • The result of the business acquired 39,2 38,7 in Sweden was l
Slide 3: January-June 2026: Net sales and operating result
January-June 2026: Net sales and operating result • Net sales were EUR 84.9 (83.0) million • EBIT was EUR -5.8 (1.5) million NET SALES, EUR M OPERATING RESULT, EUR M • EBITDA was EUR 0.0 (5.1) million 4-6 2025 4-6 2026 4-6 2025 4-6 2026 • The operating result of the Oilseed Products 83,0 84,9 and Sw
Slide 4: The most significant changes in the operating result
The most significant changes in the operating result 1,5 • In Oilseed products, the weakening was mainly due to lower sales volumes and an -2,3 unfavourable distribution of sales between different -2,3 product groups, as well as -1,3 developments in the price -0,8 -0,6 relationship between raw mater
Slide 5: Profit guidance
Profit guidance • Updated 12.8.2026 • The Group's operating result is estimated to be EUR -2.0 – +1.0 million (in 2025: EUR 5.9 million, excluding the non- recurring impact of the acquisition of Foodhills on the result) • The weakening of the outlook was affected by the fact that the Swedish frozen
Slide 6: Strong financial position
Strong financial position EUR million 30.6.2026 30.6.2025 Working capital, end of period 31,3 26,3 Net cash flow from operating activities 11,0 13,1 Equity 100,1 101,8 Net interest-bearing liabilities 14,3 -1,2 Equity ratio, % 73,6 83,4 Net gearing, % 14,3 -1,1 Earnings per share, EUR -1,16 -0,17 R
Slide 7: Food Solutions January-June 2026
Food Solutions January-June 2026 Seasonality and items related to the closure of the Pudasjärvi factory weakened the operating result NET SALES, EUR M 1-6 2025 1-6 2026 43,5 • Net sales of Food Solutions were EUR 43.5 (37.6) million and EBIT was EUR -3.0 (2.1) 37,6 million • The net sales of the bus
Slide 8: Oilseed Products January-June 2026
Oilseed Products January-June 2026 Operating result decreased NET SALES, EUR M from the comparison year 1-6 2025 1-6 2026 45,7 41,7 • Net sales in January–June totalled EUR 41.7 (45.7) million. Operating result was EUR -1.6 (0.7) million • BlackGrain from Yellow Fields®' net sales were EUR 0.2 milli
Slide 9: Changes in market prices affect the result of Oilseed Products
Changes in market prices affect the result of Oilseed Products • The development of the price relationship Change in the price of the final between raw materials and end products product, theoretical effect: have a direct impact on the profit Market Price + Premium development of Oilseed Products th
Slide 10: Short-term risks
Short-term risks • Global political uncertainty, in particular the military action in Iran and the situation in the Strait of Hormuz, have caused instability in oilseed market prices • Fluctuations can become even stronger and more unpredictable than before • Costs have risen slightly in both busine
Slide 11: Current issues
Current issues 11
Slide 12: Harvest situation in Food Solutions
Harvest situation in Food Solutions • In Finland, the outlook for the harvest season is good • Yield levels and quality of frozen peas at a good level, in some places excellent yield levels • Production has been very efficient • Spinach has benefited from the conditions at the beginning of the growi
Slide 13: Harvest situation Oilseed products
Harvest situation Oilseed products • The area of rapeseed is the largest since 2012, and the growth as a whole compared to the previous year is about 21% • Avoiding hot periods and having rains in summer have made the crops look mainly good • The increase in the area of spring oilseed crops has focu
Slide 14: Operating environment
Operating environment Country Food, Consumer Grocery trade sales Price Index Finland +0,7 % +2,5 % Sweden - 6,8 % +2,9 % Turnover of food service wholesale trade in Finland decreased by 1.3 per cent in January- June • Changes in the Consumer Price Index in June 2026 compared with June one year ago •
Slide 15: Sweden is proceeding in line with the strategy
Sweden is proceeding in line with the strategy • Apetit Skånska Ärtor to be launched in the retail and Food service sectors • Excellent assortments for retail • Expanding the range of branded products plays a significant role in strengthening the brand and improving Apetit's position in the Swedish
Slide 16: BlackGrain investment
BlackGrain investment • Due to the challenges related to the commissioning of the equipment, not all areas related to the investment are yet in full production use • The investment will improve the quality and efficiency of BlackGrain's raw material manufacturing process 16
Slide 17: Kantvik biosteam plant
Kantvik biosteam plant • The biosteam plant at the Kantvik vegetable oil mill is being sold • Long-term energy supply agreement with Adven Oy, which acquired the plant • More resources for core business • The plant's energy solution will remain the same 17
Slide 18: New products that make it easier to use vegetables
New products that make it easier to use vegetables • Products that support a strong brand and bring genuine relief to the consumer's everyday life are an important part of the strategy • Finnish fava bean: The soft taste of freshly threshed and frozen fava bean makes it a unique product in the froze
Slide 19: Slide 19