Apetit (APETIT) Q1 2026 earnings summary

Executive summary

• Operating result for Q1 2026 declined to a loss, impacted by the loss-making Swedish acquisition and seasonal factors.

• Net sales increased 5% year-over-year to EUR 46.1 million, driven by growth in Food Solutions and the Swedish business.

• Closure of the Pudasjärvi frozen pizza factory announced, with production to continue as contract manufacturing.

• Automated warehouse investment at Säkylä frozen food factory to improve logistics and capacity.

Financial highlights

• Net sales: EUR 46.1 million (up 5% year-over-year).

• Operating result: EUR -1.4 million (down from EUR 2.3 million in Q1 2025).

• EBITDA: EUR 0.9 million (down from EUR 4.1 million in Q1 2025).

• Profit for the period: EUR -2.9 million (down from EUR 0.4 million in Q1 2025).

• Earnings per share: EUR -0.47 (down from EUR 0.06 in Q1 2025).

Outlook and guidance

• Operating result for 2026 expected to clearly decrease from 2025 (EUR 5.9 million, excluding non-recurring items).

• Profit warning and lowered profit guidance issued on 16 April 2026.