Midsona AB (publ) (MSON_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody and welcome to this presentation of Midsona's fourth quarter and full year 2025 results. My name is Henrik Hjalmarsson, I am the president and CEO and with me I have Max Bocando, Group CFO. We'll spend the coming 25 minutes or so going through an overview of the fourth quarter as well as a summary of 2025 with a deep dive into some of the financials, after which time there will be plenty of time for questions. So with that, Just a brief overview of Midsona for those of you who might be new to us. We are a leading European healthy and organic food business, marketing and selling mainly plant-based, vegetarian and in many cases natural and organic products across three divisions. Nordics, as well as Division North, mainly consisting of Germany then, and Division South, France and Spain, where Nordics is clearly the biggest with 64% of revenue, North Europe 25% and South Europe 11%. We're headquartered in Malmö, Sweden, and we've been listed on the Stockholm Stock Exchange for more than 25 years. First then, a summary of the fourth quarter. Let's start with the top left-hand box on the right-hand side, where we can see that net sales in the quarter grew modestly at 0.7% organically. However, slightly down in actual terms driven by currency. This organic growth was driven very pleasingly by our growth in our own consumer brands, which grew healthily at plus 5.9%. We saw that organic growth in our own consumer brands across all three divisions. We achieved a total growth despite a lingering negative impact on volumes from the fire in the Spanish operations that we saw earlier in the year. The profitability grew with an increase by 1.3 percentage points in EBIT margin to 5%, corresponding to an EBIT growth of 11 million to 47 million SEC. The gross m...