Lohilo Foods (LOHILO) Q2 2025 earnings summary

Executive summary

• Net sales declined 11.7% in Q2 2025 to 55,400 TSEK, with own brands down 13.1% and exports down 22%.

• Bruttomarginal improved to 31.7% in Q2 and 33.1% for H1, despite lower sales and adverse weather impacting ice cream.

• EBIT positive at 723 TSEK in Q2, but negative -246 TSEK for H1; cost control and product mix supported margins.

• Cash flow from operations was positive in Q2 (2,866 TSEK) but negative for H1 (-5,439 TSEK), mainly due to inventory changes.

• No significant events reported during or after the quarter.

Financial highlights

• Q2 net sales: 55,400 TSEK (-11.7% YoY); H1 net sales: 98,572 TSEK (-9.3% YoY).

• Q2 EBITDA: 1,738 TSEK (3.1% margin); H1 EBITDA: 1,783 TSEK (1.8% margin).

• Q2 EBIT: 723 TSEK (1.3% margin); H1 EBIT: -246 TSEK (negative margin).

• Q2 net income: 67 TSEK; H1 net loss: -1,347 TSEK.

• Earnings per share: 0.00 SEK in Q2; -0.04 SEK for H1.

• Cash and equivalents at period end: 7,455 TSEK.

Outlook and guidance

• Targeting average sales growth of at least 10% and EBITDA margin of at least 10% by 2029.

• Focus remains on own brands, innovation, and expanding both in the Nordics and internationally.

• Improved weather at the start of Q3 has led to increased sales of ice cream in Sweden.