{"id":786,"date":"2024-05-07T05:45:00","date_gmt":"2024-05-07T05:45:00","guid":{"rendered":"https:\/\/cheffelo.com\/mfn_news\/cheffelo-presents-q1-2024-financial-results-continued-growth-stable-financials-and-investments-in-the-customer-experience-are-setting-the-pace-for-a-good-year\/"},"modified":"2024-08-12T12:59:53","modified_gmt":"2024-08-12T12:59:53","slug":"cheffelo-presents-q1-2024-financial-results-continued-growth-stable-financials-and-investments-in-the-customer-experience-are-setting-the-pace-for-a-good-year","status":"publish","type":"mfn_news","link":"https:\/\/cheffelo.com\/en\/mfn_news\/cheffelo-presents-q1-2024-financial-results-continued-growth-stable-financials-and-investments-in-the-customer-experience-are-setting-the-pace-for-a-good-year\/","title":{"rendered":"Cheffelo presents Q1 2024 financial results &#8211; Continued growth, stable financials, and investments in the Customer experience are setting the pace for a good year"},"content":{"rendered":"<div class=\"mfn-preamble\">\n<p class=\"mfn-wp-retain\"><strong>Cheffelo, a leading supplier of meal kits in the Nordic region and a leader in Scandinavian foodtech, today announced its financial results for the first quarter 2024.<\/strong><\/p>\n<\/div>\n<div class=\"mfn-body\">\n<p class=\"mfn-wp-retain\">The company reported a Net sales expansion, making this the third consecutive quarter with growth. The timing of the Easter holiday affected comparability, reducing net sales growth slightly, however this timing difference will contribute to a higher growth rate in net sales in Q2 compared to Q1. Order frequency continued to increase during the period compared to the previous year. Cheffelo remains focused on investing in improvements of the customer experience and successfully did so during the quarter while maintaining a stable Contribution margin.<\/p>\n<p class=\"mfn-wp-retain\">CEO Walker Kinman commented: &ldquo;The year is off to a good start, and this is an exciting time for our business. Our ambitions for profitable growth this year remain high, and we are on track to meet our long-term financial targets.&rdquo;<\/p>\n<p class=\"mfn-wp-retain\"><strong>First quarter 2024 (Q1 2023)<\/strong><\/p>\n<ul>\n<li>Net sales increased by 0.3% to MSEK 288.7 (MSEK 287.8 same period last year).<\/li>\n<li>Growth in common currency of 2.1% (-17.4%)<\/li>\n<li>Operating profit (EBIT) at MSEK 10.0 (12.1), a margin of 3.5% (4.2%)<\/li>\n<li>Net profit for the period after taxes at MSEK 6.2 (7.1)<\/li>\n<li>Earnings per share, before and after dilution at SEK 0.49 (0.56)<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\">Please see Cheffelo&rsquo;s Q1 report attached and on <a href=\"https:\/\/cheffelo.com\/financial-reports\/\" rel=\"noopener\" target=\"_blank\">https:\/\/cheffelo.com\/financial-reports\/<\/a><br \/>Cheffelo hosts a webcast for investors, analysts and media on May 7 at 09:00 CET. Details can be found here: <a href=\"https:\/\/cheffelo.com\/press-releases\/press\/?slug=invitation-to-presentation-of-cheffelos-q1-2024-report\" rel=\"noopener\" target=\"_blank\">https:\/\/cheffelo.com\/press-releases\/press\/?slug=invitation-to-presentation-of-cheffelos-q1-2024-report<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-6fa9ecc9c929\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">For further information, please contact:<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\">Peter Bodor, Head of Corporate Communications, Cheffelo<br \/>Telephone: +46 706 48 70 65<br \/>E-mail:&nbsp;<a href=\"mailto:peter.bodor@linasmatkasse.se\" rel=\"noopener\" target=\"_blank\">peter.bodor@<\/a>cheffelo.com<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about mfn-9fb8f4a0fce1\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">About Cheffelo<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\">Cheffelo (previously LMK Group) was founded in 2008 with the vision of simplifying everyday life by offering a large variety of inspiring recipes and ingredients delivered directly to the customer&#8217;s front door. Today, the group is a leading supplier of meal kits in the Nordic region and&nbsp;a leader in Scandinavian foodtech. The group operates under several brands in Sweden (Linas Matkasse), Norway (Godtlevert and Adams Matkasse) and Denmark (RetNemt). In 2023, the group generated SEK 1 billion in revenue and delivered approximately 15 million meals to its customers.&nbsp;Cheffelo is&nbsp;listed&nbsp;on Nasdaq First North Premier Growth Market (ticker: CHEF).&nbsp;Certified Adviser: FNCA Sweden AB.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p class=\"mfn-wp-retain\"><em>This information is information that Cheffelo is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-07 07:45 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\"><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/b4385dd6-9f38-4799-b722-094c8450274a\/q1-2024-cheffelo-eng-final.pdf\" rel=\"noopener\" target=\"_blank\">Q1 2024 Cheffelo ENG Final<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-primary\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/b4385dd6-9f38-4799-b722-094c8450274a\/q1-2024-cheffelo-eng-final.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/b4385dd6-9f38-4799-b722-094c8450274a\/q1-2024-cheffelo-eng-final.pdf?type=jpg\"><\/span>Q1 2024 Cheffelo ENG Final<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Cheffelo, a leading supplier of meal kits in the Nordic region and a leader in Scandinavian foodtech, today announced its financial results for the first quarter 2024. The company reported&#8230;<\/p>\n","protected":false},"author":3,"template":"","class_list":{"0":"post-786","1":"mfn_news","2":"type-mfn_news","3":"status-publish","5":"mfn-news-tag-mfn-lang-en","6":"mfn-news-tag-mfn-report-interim","7":"mfn-news-tag-mfn-type-ir","8":"mfn-news-tag-mfn-regulatory-mar","9":"mfn-news-tag-mfn-cus-cheffelo","10":"mfn-news-tag-mfn-cus-ecommerce","11":"mfn-news-tag-mfn-cus-ehandel","12":"mfn-news-tag-mfn-cus-matkassar","13":"mfn-news-tag-mfn-cus-mealkits","14":"mfn-news-tag-mfn","15":"mfn-news-tag-mfn-report-interim-q1","16":"mfn-news-tag-mfn-regulatory","17":"mfn-news-tag-mfn-report"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cheffelo presents Q1 2024 financial results - Continued growth, stable financials, and investments in the Customer experience are setting the pace for a good year - Cheffelo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cheffelo.com\/en\/mfn_news\/cheffelo-presents-q1-2024-financial-results-continued-growth-stable-financials-and-investments-in-the-customer-experience-are-setting-the-pace-for-a-good-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cheffelo presents Q1 2024 financial results - Continued growth, stable financials, and investments in the Customer experience are setting the pace for a good year - Cheffelo\" \/>\n<meta property=\"og:description\" content=\"Cheffelo, a leading supplier of meal kits in the Nordic region and a leader in Scandinavian foodtech, today announced its financial results for the first quarter 2024. 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