Hkfoods Oyj Class A · OMXHEX:HKFOODS
Hkfoods Oyj Class A — H1 2025 Earnings Presentation
25 slides from Hkfoods Oyj Class A's earnings presentation, Aug 6, 2025
Slide 1: Half Year Financial Report 2025
Half Year Financial Report 2025 Juha Ruohola, CEO Mika Tilli, CFO 6 August 2025
Slide 2: Q2/2025 highlights
Q2/2025 highlights • Profitability developed • The comparable well. The comparable EBIT margin EBIT continued to improved from grow, and the result the comparison period for the period from and from the previous continuing operations quarter. also showed clear growth. • Sales grew in • We strengthen
Slide 3: Q2/2025: EBIT continued to grow
Q2/2025: EBIT continued to grow Net sales • Net sales were affected by the food industry strike and shortage of beef. The cool early summer slowed down the start of the barbecue season. • Retail sales grew due to the growth in poultry and meat products. Net sales, M€, • Consumer demand in Finland st
Slide 4: Quarterly net sales, M€, continuing operations
Quarterly net sales, M€, continuing operations Year 2022: Year 2023: Year 2024: 300 877.2 M€ 933.0 M€ 1,001.8 M€ 267 252 250 255 252 250 246 234 231 229 234 224 218 216 200 185 150 100 50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 0 2022 2023 2024 2025 4 7.5.2025 6.8.2025 Half Year Financial Os
Slide 5: Net sales breakdown Q2/2025, continuing operations
Net sales breakdown Q2/2025, continuing operations Sales channels Categories 4% 16% (-2) 18% 22% (-2) (-2) 19% 61% 28% (+4) (+1) 32% (+1) Retail Beef and pork Food service Charcuterie, sausages and bacons Industry Poultry Export Meals and meal components • Changes in percentage points vs. Q2/2024 in
Slide 6: Quarterly comparable EBIT from continuing operations, M€
Quarterly comparable EBIT from continuing operations, M€ Year 2022: Year 2023: Year 2024: -7.3 M€ 11.6 M€ 27.7 M€ 17 11.6 12 10.3 6.6 6.5 7 4.2 4.4 4.6 3.0 1.4 2 -0.0 -3 -1.5 -1.3 -2.3 -4.4 -8 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 2025 6 6.8.2025 Half Year Financial Report 2
Slide 7: Key events in April–June 2025
Key events in April–June 2025 7 6.8.2025 Half Year Financial Report 2025
Slide 8: Food industry strike affected the availability of products, net sales and EBIT
Food industry strike affected the availability of products, net sales and EBIT • Following the failure of the mediation between the Finnish Food Workers’ Union (SEL) and the Finnish Food and Drink Industries’ Federation (ETL), a three-day strike in the meat and staple food sector took place in early
Slide 9: The development investment in Eura production unit completed
The development investment in Eura production unit completed • Our investment in the production of ready-to- eat products in Eura was completed. The new products from the production line were launched during Q2/25. • The investment in meal production at the Vantaa unit progressed well during the rev
Slide 10: The Polish production unit continues as part of the group
The Polish production unit Events after continues as part of the group the reporting period • During the review period, we conducted an assessment of the future of our production unit in Swinoujście, Poland, including the possible sale as one option. • As a result of this assessment, we decided to c
Slide 11: We continued to improve safety with the goal of zero accidents at work
We continued to improve safety with the goal of zero accidents at work Accident frequency (LTIR) developed in the right direction 25 20.4 20 15 10 During the review 5 19.1 period, we introduced 0 a new HESQ system and Q1/25 Q2/25 new occupational safety We developed guidelines. critical processes an
Slide 12: Outlook for 2025 unchanged
Outlook for 2025 unchanged HKFoods expects that in 2025 the Group’s comparable EBIT will grow compared to 2024. Outlook published on 14 February 2025 12 7.5.2025 6.8.2025 Interim Half Year Report Financial Q1 2025 Report 2025
Slide 13: Financial review
Financial review 13 6.8.2025 Half Year Financial Report 2025
Slide 14: Key figures, continuing operations
Key figures, continuing operations EUR million 4-6/2025 4-6/2024 1-6/2025 1-6/2024 2024 Net sales 245.7 254.6 479.4 483.3 1,001.8 EBITDA 13.3 11.4 25.4 20.3 56.3 EBIT 6.2 3.1 10.8 4.3 22.4 - EBIT margin, % 2.5 1.2 2.3 0.9 2.2 Comparable EBIT 6.5 4.4 11.1 5.8 27.7 - EBIT margin, % 2.6 1.7 2.3 1.2 2.8
Slide 15: Key figures
Key figures EUR million 4-6/2025 4-6/2024 1-6/2025 1-6/2024 2024 Cash flow from operating activities, 21.2 13.1 16.6 14.9 60.8 incl. discontinued operations Cash flow after investing activities, 15.4 -3.3 5.6 70.6 141.7 incl. discontinued operations Return on capital employed (ROCE) before taxes, %,
Slide 16: Interest-bearing net debt and net gearing
Interest-bearing net debt and net gearing 361 373 362 353 345 353 324 288 208 216 214 150 160 156 108% *** 107% 112% 124% 140% ** ** 123% 121% 139% 98% 96% 94% 70% 74% 76% Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Interest-bearing net debt (EUR million) Net
Slide 17: Debt profile and maturity structure as of 30 June 2025
Debt profile and maturity structure as of 30 June 2025 Maturity of the Group’s interest-bearing debt*, M€ Interest-bearing debt by credit type, M€* 120 2.0 22.7 80 88.5 3.6 40 0 2025 2026 2027 2028 >2028 Total interest-bearing debt without IFRS 16: Bonds Bank loans EUR 116.8 million Pension loans EC
Slide 18: Investments, cash flow and working capital
Investments Cash flow and working capital Group investments, M€, continuing operations Cash flow from operating activities, M€, 16 incl. discontinued operations 14.8 24,0 21.2 14 19,0 16.6 19,0 14.9 14,0 13.1 14,0 12 5.8 10.8 10 8.7 9,0 9,0 10 4,0 4,0 8 0.1 2.4 6.5 8 -1,0 -1,0 6.5 0.1 -6,0 6 -6,0 6
Slide 19: Favorite meats of summer 2025 (HK)
Favorite meats of summer 2025 (HK) 19 6.8.2025 Half Year Financial Report 2025
Slide 20: Favorite sausages of summer 2025 (HK)
Favorite sausages of summer 2025 (HK) 20 6.8.2025 Half Year Financial Report 2025
Slide 21: Chicken favourites of summer 2025 (Kariniemen)
Chicken favourites of summer 2025 (Kariniemen) Tähän tulee Kariniemen tammikuun makusuola-teema-tausta 21 6.8.2025 Half Year Financial Report 2025
Slide 22: The most popular easy everyday ready meals for consumers of summer 2025
The most popular easy everyday ready meals for consumers of summer 2025 22 6.8.2025 Half Year Financial Report 2025
Slide 23: Sneak peak – Autumn 2025 novelties from HK
Sneak peak – Autumn 2025 novelties from HK 23 6.8.2025 Half Year Financial Report 2025
Slide 24: Next financial report: Q3 Interim Report on 5 November 2025
Next financial report: Q3 Interim Report on 5 November 2025 24 6.8.2025 Half Year Financial Report 2025
Slide 25: www.hkfoods.com
Ihe mesf valued partner ct food moments HAFOODS www.hkfoods.com