HKFoods Reports Sales Growth and Improved Earnings for Q1 2026

HKFoods PLC announced that its net sales for the period January–March 2026 grew by 3.8% to EUR 242.5 million, compared to EUR 233.7 million in the same period last year. The company's comparable earnings before interest and taxes (EBIT) from continuing operations also saw a significant increase of 23.7%, rising to EUR 5.7 million from EUR 4.6 million.

The sales performance was particularly strong in the Finnish retail channel, with notable growth for HKFoods' own brands, HK® and Kariniemen®. The food service channel also contributed positively due to commercial initiatives and a diverse product portfolio. Industrial sales saw an increase, while export sales declined.

The improvement in comparable EBIT is attributed to a more favorable sales mix, cost savings from an ongoing efficiency program, and enhanced production efficiency. However, profitability was impacted by sharp increases in beef purchase prices due to shortages, rising salary costs, and significantly higher energy expenses stemming from a cold winter. These cost increases were only partially offset by price adjustments.

The profit for the period from continuing operations more than tripled, reaching EUR 2.8 million compared to EUR 0.8 million in the prior year, supported by stronger EBIT and reduced financing costs. Looking ahead, HKFoods anticipates its comparable EBIT for the full year 2026 to grow compared to 2025, despite ongoing global uncertainties likely to pressure costs in energy, packaging, and logistics.