Cheffelo, a leading Scandinavian supplier of meal kits and a leader in Scandinavian foodtech, today issues a trading update for the second quarter of 2024. Full results for the period are scheduled to be announced on 20 August 2024.
Net sales for Q2 2024 amounted to MSEK 256.9 (230.5 Q2 2023), an increase of 11.4% versus last year. Adjusted for exchange rate differences, that equals a growth of 11.9%.
The timing of Easter impacts Net Sales comparisons, as Easter has a negative effect on sales due to school vacations and holiday travel. This year, Easter was the last week of the first quarter, whereas last year it was at the start of the second quarter.
When including the last week of the first quarter in the analysis, and comparing it to the same period last year, Net Sales grew by 7.6% in local currency.
Active customers for the quarter were 64.8 thousand (64.6 Q2 2023).
Net sales for the first half of 2024 amounted to MSEK 545.7 (518.4 H1 2023), an increase of 5.3% versus last year. Adjusted for exchange rate differences, that equals a growth of 6.1%.
Cheffelo will invite investors, analysts and the media to a conference call and webcast with Q&A, which will take place on the day the Q2 results are published.
