Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — H1 2023 Earnings Presentation
16 slides from Apetit Oyj's earnings presentation, 2023
Slide 1: Half-Year Report 2023
Half-Year Report 2023 CEO Esa Mäki, Apetit Plc
Slide 2: Net sales, EBITDA, Operating profit
Net sales, EBITDA, Operating profit Jatkuvat toiminnot Continuing operations Group (incl. discontinued operations) April-June 2023 April-June 2023 • Net sales EUR 45.0 (47.3) million • Net sales EUR 45.0 (64.9) million • EBITDA EUR 2.0 (0.4) million • EBITDA EUR 2.0 (2.8) million • Operating profit
Slide 3: Strong financial position
Strong financial position EUR million 30.6.2023 30.6.2022 Working capital, continuing operations 17.5 22.1 Group’s net cash flow from operating activities 7.7 17.8 Group’s total equity 96.8 91.6 Group’s net debt -14.7 -4.4 Group’s Equity ratio, % 85.8 82.7 Group’s Gearing, % -15.2 -4.8 Earnings per
Slide 4: Continuing operations
Continuing operations H1/2023 16.2.2023
Slide 5: Net sales and sales volumes increased - the result improved from the comparison period
Food solutions April-June 2023 Net sales and sales volumes increased - the result improved from the comparison period Q2/2023 Net sales, EUR million • Net sales grew clearly from the comparison period in all sales channels 1-6 2022 1-6 2023 4-6 2022 4-6 2023 • Net sales growth was driven by price in
Slide 6: The harvest expectations for field vegetables are fairly good
The harvest expectations for field vegetables are fairly good • The harvest expectations overall are fairly good • The hot and dry weather in the early summer reduced the first spinach harvest and the first batch of the pea harvest • The rains that followed the hot period helped peas that had been s
Slide 7: Cost inflation is reflected in purchasing behavior
Cost inflation is reflected in purchasing behavior • Continued cost inflation can be seen in the purchasing behavior of consumers • When buying food, consumers prefer more affordable products • The growth in popularity of traditional foods is also reflected in the demand for Apetit's products betwee
Slide 8: Investments in product development
Investments in product development • Investments in product development make sure that Apetit’s product range keeps aligned with the needs of consumers • We have expanded our range of oven and grill vegetables by introducing a new flavour and launched new snack products earlier this year • Renewed p
Slide 9: Sustainable value chain
Sustainable value chain • The use of steam produced with biogas was started in harvest-time production at the Säkylä frozen foods • From now on, steam used at the Säkylä frozen foods plant is mainly produced with bioenergy • With the use of renewable energy sources and heat recovery, the plant's CO2
Slide 10: The result turned from a loss in the comparison period to a clear profit
Oilseed products April-June 2023 The result turned from a loss in the comparison period to a clear profit Q2/2023 Net sales, EUR million • Net sales decreased from the high level of the 4-6 2022 4-6 2023 1-6 2022 1-6 2023 comparison period • During the comparison period, market prices 58,2 57,2 were
Slide 11: A decrease in the cultivated area of oilseed in Finland
A decrease in the cultivated area of oilseed in Finland • According to the Natural Resources Institute Finland’s preliminary statistics, the total cultivation area of rapeseed in this growing season is 38,400 hectares • As a whole, this is a decrease of approximately 11 per cent when compared to the
Slide 12: RapsiRapsi-foorumi – a new Finnish oilseed plant production development group
RapsiRapsi-foorumi – a new Finnish oilseed plant production development group • The goal is to promote the cultivation of rapeseed and its profitability in Finland • brings together different stakeholders in the oilseed plant sector and compiles the results of earlier research activities and produce
Slide 13: Discontinued operations
Discontinued operations H1/2023 16.2.2023
Slide 14: Grain Trade Business
Discontinued operations April-June 2023 Grain Trade Business • Net sales in January-March was EUR 0.0 Net sales, EUR million (21.9) million. Operating profit was EUR -0.1 (2.2) million. 4-6 2022 4-6 2023 1-6 2022 1-6 2023 • The sale of the grain trade business took place in stages during the first h
Slide 15: Profit guidance for 2023 unchanged
Profit guidance for 2023 unchanged • The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 3.5 million in 2022)
Slide 16: thank you.
thank you. H1/2023 16.2.2023