Inside information, positive profit warning: Preliminary information; HKFoods Plc's comparable EBIT 2024 better than expected

HKFoods Plc updates its estimate given on 26 September 2024 for comparable EBIT from continuing operations 2024 due to better production efficiency and commercial success, especially successful Christmas season sales.

According to preliminary and unaudited information HKFoods Group's comparable EBIT from continuing operations 2024 will be EUR 27˗28 million.

Previous guidance for 2024 published on 26 September 2024

HKFoods expects that the Group's comparable EBIT 2024 from continuing operations will grow clearly compared to 2023.

HKFoods now estimates that the Group's comparable EBIT in 2024 will be EUR 22˗25 million. The Group's comparable EBIT for the Group's continuing operations 2023 was EUR 11.6 million.

HKFoods will publish the Financial Statement Bulletin January - December 2024 on Friday 14 February 2025, at about 8:30 EET.

HKFoods Plc

Board of Directors

For further information
Juha Ruohola, CEO, tel. +358 400 647 160
Mika Tilli, CFO, tel. +358 50 538 5793
HKFoods Media Service Desk tel. +358 10 570 5700 or email communications@hkfoods.com

With 110 years of experience, we at HKFoods make life tastier - today and tomorrow. With nearly 3,000 professionals, we make responsible and locally produced food for consumers' various food moments. Our well-known brands in Finland are HK^®, Kariniemen^® and Via^®. We are developing a more climate-friendly way of producing food. HKFoods is a publicly listed company, and in 2023, our net sales from continuing operations totalled EUR 933 million. www.hkfoods.com

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www.hkfoods.com