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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Apetit
Apetit (APETIT) investor relations material
Apetit Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 operating result rose to €5.0m from €3.2m, driven by strong Food Solutions performance; 9M operating result was -€0.9m versus €4.7m.
9M net sales increased 1% to €126.1m, while EBITDA fell 27% to €7.4m.
Financial highlights
Q3 net sales were €41.3m versus €41.4m; EBITDA increased 47% to €7.4m.
Q3 profit was €3.7m versus €2.2m, and EPS was €0.59 versus €0.35.
9M profit was -€3.6m versus €1.2m; EPS was -€0.57 versus €0.19.
9M share of Sucros profit was -€1.6m versus -€2.2m.
Outlook and guidance
FY2026 operating result guidance is -€2.0m to +€1.0m, updated 12 August; FY2025 was €5.9m excluding the non-recurring Foodhills acquisition impact.
Finnish harvest outlook is very good: a record-high frozen pea crop was achieved, and root vegetable harvest quality and quantity outlook remained good.
The Swedish contract pea crop fell short of targets after a hot, dry summer; frozen pea harvest production is highly seasonal and concentrated in Q3.
Automated finished-goods warehouse is expected to be completed in early 2027; transition to frozen pizza contract manufacturing is on schedule, with benefits expected next FY.
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Latest events from Apetit
- H1 2026 saw higher sales but a sharp profit decline and a weaker full-year outlook.APETIT
Q2 2026 - Plant-based growth, Swedish expansion, and sustainable innovation underpin future strategy.APETITStrategy update
- Q1 2026 saw a loss despite higher sales, with profit guidance lowered and factory closure announced.APETITQ1 2026
- 2025 profit rose on a one-time gain; 2026 outlook cautious due to integration costs.APETITQ4 2025
- Operating result fell on acquisition costs, but net sales grew and strategic expansion continues.APETITQ3 2025
- Net sales rose 5% but profit fell 55% amid Oilseed Products weakness and labor disruptions.APETITQ2 2025
- Operating result up 37% in Q3, with Food Solutions driving growth and guidance unchanged.APETITQ3 2024
- Operating profit rose despite lower sales, with stable outlook and ongoing investments.APETITQ2 2024
- Operating result fell 33% year-over-year, but net sales rose 4% and financial position stayed strong.APETITQ1 2025
Next Apetit earnings date
Q4 202616 Feb, 2027
Apetit
Next Apetit earnings date
Q4 202616 Feb, 2027
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Frequently asked questions
Apetit Oyj is a Finnish company that operates in the food industry, primarily engaged in the production of frozen foods and vegetable-based products. The company focuses on offering a range of plant-based products, including frozen vegetables, vegetable mixes, and ready-made meals. Apetit's operations also extend into the grain trade, where it is involved in the procurement and supply of grains and oilseeds. The company is headquartered in Helsinki, Finland, and its shares are listed on the Helsinki Stock Exchange.