Apetit Oyj

Apetit Plc's interim report for January to September 2024 highlights an improvement in the operating result compared to the same period in 2023. The company's net sales for July to September 2024 amounted to EUR 40.5 million, a slight increase from the previous year. The Food Solutions segment saw growth in retail trade and food services, while Oilseed Products maintained stable sales. The operating result for the group was EUR 3.7 million, a 37% increase from the previous year, attributed partly to seasonal fluctuations. The company successfully implemented an ERP project for Food Solutions and launched a new bottling line that reduces plastic use. Apetit also introduced new products to the market. The group's financial position remains strong, with an equity ratio of 81.7% and gearing at 4.4%. Despite a decrease in cash flow from operating activities, the company maintains its profit guidance for 2024, expecting the operating profit to remain at the previous year's level. Apetit emphasizes sustainable practices and innovation in its product offerings.

On September 25, 2024, Apetit Oyj reported a managers' transaction involving Samu Pere, a member of the Supervisory Board. The transaction, which took place on September 23, 2024, involved the acquisition of 1,492 shares at a unit price of 13.45 EUR on NASDAQ Helsinki. Apetit Oyj is a Finnish food industry company focused on sustainable primary production and offering vegetable-based food solutions. The company's shares are listed on Nasdaq Helsinki.

On September 25, 2024, Apetit Oyj reported a managers' transaction involving Samu Pere, a member of the Supervisory Board. The transaction took place on September 24, 2024, at NASDAQ Helsinki Ltd. Samu Pere acquired shares of Apetit Oyj with the following details: 599 shares at a unit price of 13.5 EUR and 1802 shares at a unit price of 13.75 EUR. The aggregated transaction volume was 2401 shares with a volume-weighted average price of 13.68763 EUR. Apetit Oyj is a Finnish food industry company focused on sustainable primary production, offering vegetable-based food solutions and high-quality vegetable oils. The company's shares are listed on Nasdaq Helsinki.

On September 19, 2024, Samu Pere, a member of the Supervisory Board of Apetit Plc, conducted a share acquisition transaction on Nasdaq Helsinki. The transaction involved the purchase of 542 shares at a unit price of 13.3 EUR, resulting in a volume-weighted average price of 13.3 EUR. Apetit Plc is a Finnish food industry company specializing in vegetables and high-quality vegetable oils, with shares listed on Nasdaq Helsinki.

Apetit Oyj's half-year financial report for January to June 2024 shows an improved operating result compared to the same period in 2023, although the profit guidance remains unchanged. Key figures indicate a decrease in net sales by 18% for April-June and 15% for January-June, attributed mainly to lower market prices for oilseed products. EBITDA decreased by 27% in the second quarter but increased by 18% for the first half of the year. The operating result saw a decline in the second quarter but improved overall for the first half of the year. The profit for the period and earnings per share both declined compared to the previous year. CEO Esa Mäki highlighted that both business segments, Food Solutions and Oilseed Products, showed improvement in their operating results. The outlook for the harvest season is positive, despite challenges posed by a hot and dry spring. Investments, such as the new bottling line for the Kantvik vegetable oil milling plant, are progressing as planned. The company continues to focus on increasing the cultivation of Finnish turnip rape and rapeseed, with ongoing projects and research aimed at improving cultivation reliability and volume. Apetit has also introduced new products like Salad Oil and Pizza and Pasta Oil, and continues to develop projects like BlackGrain rapeseed powder and pea protein production. A news conference will be held on 15 August 2024 to discuss the results further. Apetit Plc is listed on Nasdaq Helsinki and focuses on offering sustainable food solutions and high-quality vegetable oils.

Apetit Plc announced its financial reporting schedule and Annual General Meeting for 2025. The company will release its Financial Statements Review for 2024 on February 13, 2025, a Business Review for January-March 2025 on April 25, 2025, a Half Year Financial Review for January-June 2025 on August 22, 2025, and a Business Review for January-September 2025 on October 24, 2025. The Annual Report for 2024, including the Corporate Responsibility Report, will be published during week 11 of 2025. The Annual General Meeting is scheduled for April 10, 2025, with the Board of Directors to summon the meeting at a later date. Financial reports will be available in Finnish and English on the company's website. Apetit Plc is a Finnish food industry company listed on Nasdaq Helsinki.

On April 18, 2024, Apetit Plc's Supervisory Board held a meeting where they elected Harri Eela as Chairman and Juha Junnila as Deputy Chairman. The board also decided to elect six members to the company's Board of Directors, with Lasse Aho, Annikka Hurme, Antti Korpiniemi, Niko Simula, and Kati Sulin being re-elected, and Heli Arantola joining as a new member. Lasse Aho and Niko Simula were appointed as the Chairman and Deputy Chairman of the Board of Directors, respectively. The board members' annual remuneration was set at EUR 30,000, while the Chairman and Deputy Chairman will receive EUR 55,000 and EUR 35,000 respectively. Meeting allowances were also set for the Chairman, Deputy Chairman, and other board members. Apetit Plc is a Finnish food industry company listed on Nasdaq Helsinki.

Apetit Plc, a Finnish food industry company, has completed its share repurchase program which started on 7 December 2023 and ended on 10 April 2024. During this period, Apetit bought back 46,005 of its own shares for a total cost of EUR 604,522.30, at an average price of EUR 13.14036 per share. The shares were bought using the company's unrestricted equity in public trading arranged by Nasdaq Helsinki Ltd. The share buyback was authorized by the Annual General Meeting on 13 April 2023. The company now holds a total of 109,273 shares, including the ones repurchased recently. Prior to this, Apetit held 63,268 of its own shares.

Apetit Plc held its Annual General Meeting (AGM) on 11 April 2024. The financial statements for the year ending 31 December 2023 were adopted, and the members of the Supervisory Board, Board of Directors, and the CEO were discharged from liability. A dividend of EUR 0.75 per share for the financial year 2023 will be paid from 23 April 2024. The Remuneration Report for 2023 was adopted with a minor correction related to the CEO's remuneration. The company's Remuneration Policy was also approved. The Supervisory Board will consist of 16 members and their remuneration will remain unchanged. Five persons were re-elected and two new members were elected to the Supervisory Board. Two auditors from Ernst & Young Oy were re-elected. The Board of Directors was authorized to repurchase up to 80,000 of the company's own shares. The Articles of Association were amended, with the most significant change being that the AGM will now elect the Board of Directors, the Chair, and the Deputy Chair of the Board of Directors. The AGM minutes will be available on the company's website by 25 April 2024.

Apetit Plc has announced the repurchase of its own shares, as per a stock exchange release dated 10 April 2024. The company bought 605 shares at an average price of EUR 14,910661, incurring a total cost of EUR 9020,95. Following this transaction, Apetit now holds a total of 109 273 shares, inclusive of the shares repurchased on 10 April 2024. The transaction was carried out on behalf of Apetit Plc by OP Corporate Bank. Apetit Plc is a Finnish food industry company listed on Nasdaq Helsinki.