Q1 2025 Midsona AB Earnings Call Transcript
Key Points
- Midsona AB (FRA:9KF) achieved organic growth of 1.6% in Q1 2025, driven by brand and private label performance.
- The company reported improved cash flow and efficient working capital management, with a SEK40 million improvement compared to last year.
- Net debt to EBITDA ratio improved significantly, ending at 1.5 times, down from 2.5 times the previous year.
- The company achieved a prestigious CDPA sustainability rating for the second consecutive year.
- Midsona AB (FRA:9KF) saw solid growth of 5% in the organic category for two consecutive quarters, despite challenging market conditions.
- Gross margin was slightly down due to temporary higher production expenses and an unfavorable sales mix.
- The company faced bottlenecks in production at the beginning of the quarter, impacting sales potential in divisions north and south.
- There was a decline of 4% in conventional healthy products due to the cessation of unprofitable private label contracts.
- The Nordic division experienced a decline in sales due to exiting unprofitable private label contracts and stopping some licensing agreements.
- The net result was negatively impacted by SEK30 million related to the announced change of CEO.
Dear participants, this is Peter speaking.
Thank you all for attending this call.
As a top line summary, I can conclude that we did good progress also in the first quarter of 2025.
We're showing organic growth, in total, led by our brands and also private label. Cash flow is improving and a bit before one of items is in line with last year despite extra cost for both production ramp up and investment in sales and marketing to support new launches.
I would like to make you aware that this presentation can contain certain forward-looking statements, and I would like to refer to the recently published 2024 annual report for a full view on both risks and uncertainties.
In connection.
With the presentation of the 20,244 report in in January.
I also presented our key priorities for 2025 and I'm pleased to tell you that we made good progress in this quarter to us those priorities.
One key priority was.
To deliver consistent brand growth. In quarter one, we
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