Lohilo Foods (LOHILO) Q1 2025 earnings summary

Executive summary

• Net sales decreased by 6.1% to 43,172 TSEK compared to the same quarter last year, mainly due to a large export order in Q1 2024 not repeated this year.

• Swedish market sales grew 7.8%, with LOHILO ice cream up 37% and Superfruit up 9%; export sales fell 36.2%.

• Gross margin improved to 34.8% (33.2), driven by currency effects and price adjustments.

• EBITDA was 45 TSEK (615), EBIT was -969 TSEK (-667), and net result was -1,413 TSEK (-1,838).

• No significant events occurred during or after the quarter.

Financial highlights

• Net sales: 43,172 TSEK (-6.1% YoY); own brands: 37,242 TSEK (-6.4% YoY); distributed brands: 5,930 TSEK (-4.3% YoY).

• Gross profit: 15,014 TSEK (-1.5% YoY); gross margin: 34.8% (up 1.6 pp).

• EBITDA margin: 0.1% (1.3% last year); EBIT margin negative.

• EPS: -0.04 SEK (-0.05); cash flow from operations: -8,306 TSEK (-5,895).

• Cash and equivalents (incl. credit): 5,284 TSEK at period end.

Outlook and guidance

• Targeting average sales growth of at least 10% and EBITDA margin of at least 10% for 2025–2029.

• Focus on strengthening margins and increasing sales to existing customers at higher margins.

• Seasonal sales expected, with Q2 and Q3 historically strongest.