Apetit PLC: H1-2024 result exceeded comparison period

Helsinki / FI. (apg) Operating result of the first half of the year exceeded the comparison period, Finland’s Apetit PLC said in its H1 statement in August 2024. Esa Mäki, CEO: «The operating result was better than that of the comparison period. Both businesses have improved their operating result. We continue to maintain our profit guidance, according to which the Group’s operating profit is estimated to be at the same level as in the comparison period. The outlook for the harvest season is currently fairly good, but the possible realisation of risks related to harvesting will only be seen during the autumn. Net sales in H1-2024 declined, mainly due to lower market prices for oilseed products than in the comparison period.

«Apetit’s operating result for the second quarter of the year declined from the comparison period. In Oilseed Products, operating result clearly decreased in the second quarter of the year from the strong profits in the comparison period. The result was weakened by the fluctuation in sales volumes between comparison periods. In Food Solutions, operating result was at the same level as last year.

«The Group’s net sales decreased from Q2-2023 in the second quarter. The decrease was mainly due to the fall in the market prices of oilseed plants compared to Q2-2023, sales volumes also decreased. There were normal fluctuations between comparison periods in the decline in the sales volumes, and no significant change can be seen in this year’s production and sales amounts. In Food Solutions, the net sales were almost on a par with the comparison period. Sales volumes decreased from H1-2023. The decline in volumes was impacted by export sales of frozen peas that occurred at different times during the comparison period.» For additional information please read the Company’s PDF file below (261 KB):

20241016-APETIT-OYI-H12024.