Cheffelo publishes trading update for Q2 2024 4 July 2024 07:45:00 Regulatory Cheffelo, a leading Scandinavian supplier of food bags and a leading player in Scandinavian foodtech, today publishes a trading update for the second quarter of 2024. Full results for the period will be published on 20 August 2024. The net sales for Q2 2024 amounted to SEK 256.9 million (230.5 Q2 2023), which is a growth of 11.4% compared to the previous year. Adjusted for exchange rate differences, this corresponds to an increase of 11.9%.
The timing of Easter affects the comparison of net sales, as Easter has a negative effect on sales due to school holidays and holiday travel. This year Easter fell during the last week of the first quarter, while last year it fell at the beginning of the second quarter. When the last week of the first quarter is included in the analysis, and compared to the same period last year, net sales increased by 7.6% in local currency. Active customers during the quarter were 64.8 thousand (64.6 Q2 2023). Net sales for the first half of 2024 amounted to SEK 545.7 million (518.4 H1 2023), which is a growth of 5.3% compared to the previous year.
Adjusted for exchange rate differences, this corresponds to an increase of 6.1%.
Cheffelo will invite investors, analysts and the media to a conference call with the opportunity for QA, which will take place on the same day as the results for the second quarter are published. For further information, contact: Peter Bodor, Head of Corporate Communications, Cheffelo Mob: +46 706 48 70 65 E-mail: peter.bodor@cheffelo.com Erik Bergman, CFO, Cheffelo Mob: +46 707 74 49 73 E- mail: erik.bergman@cheffelo.com About Cheffelo Cheffelo (formerly LMK Group) was founded in 2008 with the vision of simplifying everyday life by offering a wide variety of inspiring recipes with ingredients delivered directly to the customer’s front door. Today, the group is a leading supplier of meal kits in the Nordics and a leader in Scandinavian foodtech. The group has operations under various brands in Sweden (Linas Matkasse), Norway (Godtlevert and Adams Matkasse) and Denmark (Retnemt).
In 2023, the group had a turnover of SEK 1 billion and delivered approximately 15 million meals to its customers.
Cheffelo is listed on the Nasdaq First North Premier Growth Market (ticker: CHEF). Certified Adviser är FNCA Sweden AB. This information is such information that Cheffelo is obliged to make public according to the EU Market Abuse Regulation. The information was provided, through the above contact persons, for publication on 2024-07-04 07:45 CEST.