Q1 2025 Monde Nissin Corp Earnings Call Transcript
Key Points
- Monde Nissin Corp (MNDDF) reported a 2.8% year-on-year increase in consolidated revenue for Q1 2025.
- The APAC Branded Food and Beverage (BFB) segment, which makes up 84% of the company's top line, grew by 4.1% year-on-year.
- The company's flagship brands, such as Lucky Me, SkyFlakes, and Fita, continue to perform well, with Lucky Me being recognized as the number one most chosen FMCG brand for 10 consecutive years.
- The meat alternative segment showed significant improvement with a 300 basis point increase in gross margin and a positive EBITDA, indicating a successful transformation program.
- Monde Nissin Corp (MNDDF) has effectively managed its cost structure, with palm oil prices peaking and wheat prices reaching a five-year low, which should benefit future margins.
- Despite market share growth, Monde Nissin Corp (MNDDF) experienced a 2.9% decline in volumes for the quarter, particularly in its basic instant noodle SKUs.
- The UK market remains depressed, impacting the performance of the Cauldron brand and the food service business.
- Gross margin for the APAC BFB segment declined by 50 basis points on a consolidated basis, with edible oil costs contributing to the pressure.
- The meat alternative segment still faces challenges, with a 6% decline in sales and a 7.6% decline in volume.
- The company is facing a 10% tariff on imports to the US, which could impact the profitability of its US business.
Good afternoon and welcome to Monde Nissin's first quarter 2025 earnings call. I am Mike Paska, Head of Investor relations. On today's call with me are Henry So Sano, Chief Executive Officer, and Jesse Teo, Chief Financial Officer. And from the Quorn team, we have David Flochell, Chief Executive Officer, and Nick Cooper, Chief Financial Officer.
By now, everyone should have access to their earnings press release and presentation. These are all on the PSE EDGE website posted earlier today. This information can also be found in the investor section on Monde Nissin's website.
And finally, before we begin, please note that the financial information being presented is unaudited the course of this call, management may make forward-looking statements based upon current assumptions and expectations. These are not guarantees of future performance and encourage everyone to read the disclaimer in today's presentation.
Now, I'd like to turn the call over to Henry to discuss first quarter business performance. Henry.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
