Acomo (ACOMO) Q1 2025 TU earnings summary

Executive summary

• Achieved record Q1 2025 sales of €388.8 million, up 16% year-over-year, led by Organic Ingredients and Spices & Nuts.

• Organic Ingredients segment delivered double-digit sales volume growth and a 38% revenue increase, partly due to higher cocoa prices.

• Spices & Nuts sales rose 12%, supported by higher market prices and the Nordics acquisition in August 2024.

• Edible Seeds grew 5%, with strong North American performance in Wildlife, SunButter™, and contract manufacturing.

• Tea sales declined 18% amid challenging market conditions, though demand for tea blends increased.

• Food Solutions sales increased 6%, aided by higher volumes in dry/wet blends and distribution.

Outlook and guidance

• Positioned for sustainable growth with a diversified plant-based portfolio and proven ability to navigate market volatility.

• Management remains confident in delivering strong results despite macroeconomic uncertainties and cannot forecast specific market developments.

Segment performance

• Organic Ingredients: Record quarterly sales, +38% revenue, driven by higher cocoa prices and strong desk performances.

• Spices & Nuts: +12% sales, all companies contributed, boosted by Nordics acquisition.

• Edible Seeds: +5% sales, North American business led growth.

• Tea: -18% sales, market challenges offset by growing demand for blends.

• Food Solutions: +6% sales, higher volumes in blends and distribution.