Midsona AB (publ) (MSON_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody and welcome to this presentation of Midsona's first quarter 2026 results. My name is Henrik Hjalmarsson, I am the president and CEO and with me I have Niklas Lundin, CFO. I'm going to spend the coming 10-15 minutes going through the highlights of the first quarter after which Niklas will go through a bit of the details on the financials. and there will be plenty of time to ask questions at the end. But first of you, for those who are new to Midsona, a brief introduction. So we are a provider of a good for you and good for the world, mainly food products, most of which are plant based and the vegetarian and many are natural and organic. We are present and divided in three divisions, the Nordics in Sweden, Norway, Finland and Denmark, Division North in Germany and Division South, which is France and Spain. and had a bit more than 3.6 billion SEK of revenue last year, headquartered in Malmö and listed on the Stockholm Stock Exchange since 1999. with that let's start with a brief summary of the first quarter and actually looking at the table on the right hand side starting in the top left hand corner sales sales in the quarter was 1.3 percent down organically mainly driven by contract manufacturing and licensed brands However, partially offset by organic growth within our own consumer brands, which grew in the quarter by 0.1%. We saw a continued negative sales impact from the fire in Spain, which is then visible in the contract manufacturing decline. Going one box down, looking at gross margin, we saw a healthy gross margin growth up 1.2 percentage points to 29.8%, driven by both mix pricing, as well as production efficiency. And together with the impact from the cost-saving program, which is contributing to lower overall cost levels, as we can see...