HKFoods

The turnaround continues, but more moderately than before in terms of EBIT. There is still plenty of room for efficiency gains in financial expenses.

Operational bottom lines met estimates and guidance remained unchanged.

We expect growth to have picked up, but earnings to remain in line with the good level of the comparison period.

The loss of the additional purchase price has a small negative impact on the share's value.

11:26

HKFoods has executed a convincing earnings turnaround in recent years, driven by, among other things, the strengthening of its investment capacity through the divestment of operations outside Finland. Analyst Pauli Lohi tells more about the company in this interview.

We believe the company still has the capacity for a moderate increase in profitability.

The successful turnaround in recent years is reflected in the increased ambition of the financial targets in the new strategy.

The overall decrease in financial expenses is largely in line with estimates, and, therefore, we do not see a need for significant earnings estimate revisions.

The financing arrangement will help the company gradually reduce its financing costs.