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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.
MatvareExpressen
MatvareExpressen (MVE) investor relations material
MatvareExpressen Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Apr, 2026
Executive summary
Achieved record operating revenue of NOK 146.5 million in Q1 2026, up 14% year-over-year from NOK 128 million.
Unique active customers reached 2,531, the highest in company history, with strong growth especially in Eastern Norway.
Secured a major contract with Bærum Municipality worth NOK 20 million annually, to be phased in Q2 2026.
Financial highlights
Adjusted EBITDA was NOK 7.9 million, down 8% from NOK 8.6 million in Q1 2025.
Adjusted profit before tax was NOK 2.3 million, a 39% decrease from NOK 3.8 million year-over-year.
Gross margin was 28.9%, down from 29.6% in Q1 2025 and 30.8% in Q4 2025.
Net interest-bearing debt decreased to NOK 50.9 million from NOK 59.6 million a year earlier.
Equity ratio improved to 28.1% from 27.0% at the end of Q1 2025.
Outlook and guidance
Targeting operating revenue of around NOK 600 million for 2026, continuing annual growth of approximately NOK 100 million.
Expects continued customer growth and positive pre-tax results in Q2 2026.
Strategic review ongoing since November 2025; further updates to be provided.
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Latest events from MatvareExpressen
- Record Q4 2025 with 20% revenue growth, margin peak, and strong customer expansion.MVE
Q4 2025 - 22% revenue growth and record customer numbers, with strong outlook for Q4 2025.MVEQ3 2025
- Record profit, strong growth, and new contracts drive ambitious 2025 revenue targets.MVEQ2 2025
- Record Q3 revenue and new contracts set the stage for strong growth and profitability rebound.MVEQ3 2024
- Record Q2 revenue and customer growth set the stage for continued expansion in 2024.MVEQ2 2024
- Record revenue and customer growth drive Matvareexpressen's ambitious 2024 outlook.MVEQ1 2024
- Record revenue and profit growth in Q1 2025, with strong outlook and expanding customer base.MVEQ1 2025
- Q4 saw record growth and automation gains, setting up for ambitious 2025 targets.MVEQ4 2024
MatvareExpressen
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Frequently asked questions
MatvareExpressen is a Norway-based company that provides home delivery services for groceries and meal kits. The company offers a wide selection of food products, including fresh produce, packaged goods, and prepared meals, through its online platform. It focuses on convenience and quality, catering to individual households and businesses seeking scheduled grocery deliveries. MatvareExpressen operates primarily within Norway. The company is headquartered in Oslo, Norway, and its shares are listed on the Euronext Growth Oslo.