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Finland's HKFoods Q3 sales, adjusted EBIT lifted by poultry and ready meals demand

By Reuters News


Overview

  • Finland food producer's Q3 net sales rose 3.2% yr/yr, driven by retail and food service growth

  • Comparable EBIT for Q3 rose 5.3%, supported by retail and food service sales growth

  • Higher logistics and personnel costs weighed on Q3 profit margins


Outlook

  • HKFoods expects 2026 comparable EBIT to grow compared to 2025

  • Company estimates ASF cases will reduce 2026 EBIT by about EUR 1 mln

  • Company says cost increases from higher oil prices have been incorporated into sales prices


Result Drivers

  • RETAIL AND FOOD SERVICE - Co said Q3 sales growth was driven by strong performance in poultry and ready meals in retail and food service channels, and higher beef prices

  • COST PRESSURES - Co said higher logistics, packaging, and personnel costs weighed on Q3 EBIT

  • PORK EXPORT CHALLENGES - Co said subdued demand in Asia, EU oversupply and ASF cases weakened pork export profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Comparable EBIT continuing operations

EUR 12.4 mln

Q3 Revenue continuing operations

EUR 255.1 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the food processing peer group is "buy."

  • Wall Street's median 12-month price target for HKFoods Oyj is €1.95, about 20.8% above its November 3 closing price of €1.61

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 4 - Seafood producer Mowi Q3 EBIT hits record highs on strong salmon volumes

  • Nov 2 - Fish farmer Bakkafrost Q3 operational EBIT rises on FOF segment growth

  • Nov 2 - Brazil lot-finished cattle prices hit record


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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