companyName

feedTypes

includeDividend

includeEstimates

includeOverview

includeOwnership

includeResearchContent

researchId

CompanyName_Query

companySlug

CompanyMetaData

Company_query

company

query CompanyName_Query(
  $companyName: String!
  $researchId: ID
  $includeResearchContent: Boolean!
  $feedTypes: [ContentType!]!
  $includeEstimates: Boolean!
  $includeOverview: Boolean!
  $includeOwnership: Boolean!
  $includeDividend: Boolean!
) {
  ...CompanyMetaData_Ux1x9
  ...Company_query_3adRh7
}

fragment AnalystData on Analyst {
  name
  pageUrl
  jobTitle
  imgUrl
}

fragment AuthorList on Content {
  __isContent: __typename
  id
  authors {
    __typename
    id
    name
    pageUrl
  }
}

fragment ChangePercentBlock_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      diff1mPercentage
      diff1yPercentage
      diff3yPercentage
      diffFromStartPercentage
    }
    id
  }
}

fragment CompactFeed_3NXCcw on Query {
  compactFeed: feedContent(companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...TeaserExtraCompact_content
        createdAt
        companies {
          viewerIsFollowing
          id
        }
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment CompanyAnalystQuery on Company {
  analysts {
    ...AnalystData
    name
    pageUrl
    jobTitle
    imgUrl
    id
  }
}

fragment CompanyCoverage_Company on Company {
  analysts {
    name
    id
  }
  isPayingCustomerOf
  isFormerCustomerOf
  isCorporateCustomer
  ...CompanyAnalystQuery
  defaultInstrument {
    ...TargetAndRecommendation_Company
    id
  }
}

fragment CompanyDescription_Company on Company {
  description
  websiteUrl
  name
}

fragment CompanyDisclaimer_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    isPayingCustomerOf
    isFormerCustomerOf
    id
  }
}

fragment CompanyDividendER_query on Company {
  name
  defaultInstrument {
    estimateData {
      reportingCurrency
    }
    dividendTransactions: estimateTransactions(first: 1, includeQuarters: false) {
      actualized {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
      estimates {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
    }
    id
  }
}

fragment CompanyDividendNonER_query on Company {
  name
  defaultInstrument {
    nonERDividendSet: nonERCompanyNumberSet(includeQuarters: false) {
      year
      dividend
      dividendYield
      epsReported
      sharePrice
      currency
    }
    id
  }
}

fragment CompanyDividend_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...CompanyDividendER_query
    ...CompanyDividendNonER_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyFinancials_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...NonERCompanyNumbers_query
    ...CompanyNumbers_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyHeader_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    id
    companyInsref
    name
    viewerIsFollowing
    followersCount
    isCorporateCustomer
    hasPinpointData
    hasDividendHistory
    sector {
      sectorname
      industry
    }
    regions
    extensiveResearchExists
    researchContentExists
    defaultInstrument {
      symbol
      priceData {
        tradeCurrency
        lastPrice
        diff1dPercentage
      }
      marketplace {
        name
      }
      estimates: estimateTransactions(first: 1, includeQuarters: false) {
        date
      }
      nonERCompanyNumberSet(first: 1, includeQuarters: false) {
        year
      }
      id
    }
    topOwners {
      holders {
        name
      }
    }
    transactions: insiderTransactions(filter: {types: [BUY, SELL, SUBSCRIPTION]}) {
      edges {
        node {
          date
          id
        }
      }
    }
  }
}

fragment CompanyInsiderTransactions on Company {
  name
  regions
  insiderTransactions(filter: {types: [BUY, EXERCISE_OF_SHARE_OPTION, PLEDGE, RECEPTION_OF_SHARE_PREMIUM, SELL, SUBSCRIPTION]}) {
    edges {
      node {
        insider
        position
        volume
        price
        date
        unit
        type
        relatedParty
        id
      }
    }
  }
}

fragment CompanyInvestorConsensus_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    companyInsref
    id
  }
}

fragment CompanyMetaData_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    description
    pageUrl
    websiteUrl
    logoUrl
    squareLogoUrl
    defaultInstrument {
      isin
      symbol
      marketplace {
        name
      }
      estimateData {
        modelType
      }
      id
    }
    id
  }
}

fragment CompanyName_Slug on Company {
  slug
}

fragment CompanyNumbers_query on Company {
  name
  defaultInstrument {
    estimateData {
      modelType
      reportingCurrency
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      comparisonIndexName
      actualized {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
    }
    id
  }
}

fragment CompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      companyTransactions: estimateTransactions(first: 1, includeQuarters: false) {
        actualized {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
        estimates {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
      }
      id
    }
    id
  }
}

fragment CompanyOwners on Company {
  regions
  topOwners {
    recordDate
    compareDate
    source
    holders {
      name
      capitalPercent
      votingPowerPercent
      totalShares
      positionChange
      totalSharesChange
      shareChange
      isNew
      isRemoved
    }
  }
}

fragment CompanyOwnership_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    ...CompanyOwners
    ...CompanyInsiderTransactions
    id
  }
}

fragment CompanyPageBottom_query_2bVJwf on Query {
  ...GeneralFeed_data_3NXCcw
  ...CompactFeed_3NXCcw
  ...UpcomingEventsQuery_Ux1x9
  ...RiskRecommendMatrix_query_Ux1x9
  ...CompanyOverviewGraphs_query_Ux1x9
  ...NonERCompanyOverviewGraphs_query_Ux1x9
  company(companySlug: $companyName) {
    companyInsref
    ...ForumUpdates_Company
    defaultInstrument {
      coreId
      id
    }
    id
  }
  allFeed: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  main: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [COMPANY_REPORT, EQUITY_BRIEF, EXTENSIVE_COMPANY_REPORT, ANALYST_COMMENT, VIDEO, ARTICLE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  webcasts: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [WEBCAST]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  thirdPartyResearch: feedContent(first: 1, companySlug: $companyName, filter: {types: [THIRD_PARTY_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  releases: feedContent(first: 1, companySlug: $companyName, filter: {types: [STOCK_EXCHANGE_RELEASE, PRESS_RELEASE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyPageTop_query_Ux1x9 on Query {
  ...StockChart_ChartQuery_Ux1x9
  ...LatestReports_query_Ux1x9
  company(companySlug: $companyName) {
    isFund
    name
    ...CompanyCoverage_Company
    ...CompanyName_Slug
    ...CompanyDescription_Company
    ...FundNumbers_Company
    ...ChangePercentBlock_Company
    ...KeyEstimateFigures_Company
    ...InvestmentCompanyKeyFigures_Company
    defaultInstrument {
      id
      estimateData {
        modelType
      }
    }
    analysts {
      name
      id
    }
    id
  }
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EQUITY_BRIEF, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EQUITY_BRIEF, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment Company_query_3adRh7 on Query {
  ...CompanyHeader_query_Ux1x9
  ...CompanyOwnership_query_Ux1x9 @include(if: $includeOwnership)
  ...CompanyFinancials_query_Ux1x9 @include(if: $includeEstimates)
  ...CompanyDividend_query_Ux1x9 @include(if: $includeDividend)
  ...CompanyInvestorConsensus_query_Ux1x9
  ...CompanyPageTop_query_Ux1x9 @include(if: $includeOverview)
  ...CompanyPageBottom_query_2bVJwf @include(if: $includeOverview)
  ...CompanyDisclaimer_query_Ux1x9
  ...Extensive_query_36E2lH
  ...ResearchContent_query_14bL89
}

fragment Extensive_query_36E2lH on Query {
  company(companySlug: $companyName) {
    extensiveResearch(researchId: $researchId) {
      publishedAt
      pageUrl
      pdfUrl
      content {
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment ForumUpdates_Company on Company {
  name
  forum {
    threadUrl
    highlightedPosts {
      url
      author
      authorImgUrl
      text
      postedAt
      likesCount
    }
  }
}

fragment FundNumbers_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      lastPrice
      ath
    }
    id
  }
}

fragment GeneralFeed_data_3NXCcw on Query {
  generalFeed: feedContent(first: 20, companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        companies {
          name
          id
        }
        ...Teaser_content
        ...TeaserCompact_content
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment InvestmentCompanyKeyFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
    }
    estimateData {
      modelType
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      actualized {
        year
        quarter
        sharesTotal
        marketCap
        nav
        navPerShare
        dividendYield
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        dividendYield
      }
    }
    id
  }
}

fragment KeyEstimateFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
      lastPrice
      marketCap
    }
    sector
    fundamentalData {
      ebit
      eps
      sales
      dividend
    }
    estimateData {
      modelType
      estimates {
        firstEstimateYear {
          year
          bookValue
          netSales
          dividendA
          epsAdjusted
          ebitAdjusted
          hybridLoan
          noOfShares
          netDebt
          mvMinorities
          mvAssociated
          roePercent
        }
      }
    }
    estimatesSharePrice: estimateTransactions(first: 1) {
      estimates {
        sharePrice
      }
    }
    id
  }
}

fragment LatestReports_query_Ux1x9 on Query {
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EQUITY_BRIEF, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EQUITY_BRIEF, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
}

fragment NonERCompanyNumbers_query on Company {
  name
  defaultInstrument {
    nonERNumberSet: nonERCompanyNumberSet(includeQuarters: true) {
      year
      quarter
      revenue
      ebitda
      ebitReported
      epsReported
      dividend
      sharesTotal
      roe
      roi
      enterpriseValue
      marketCap
      gearingRatio
      equityRatio
      dividendYield
      sharePrice
      currency
      evSales
      evEbitda
      evEbit
      pb
      netIncome
      ptp
    }
    id
  }
}

fragment NonERCompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      overviewGraphsData: nonERCompanyNumberSet(includeQuarters: false) {
        year
        revenue
        ebitReported
        epsReported
        dividend
        dividendYield
        currency
      }
      id
    }
    id
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ResearchContent_query_14bL89 on Query {
  company(companySlug: $companyName) {
    slug
    researchContentFeed @include(if: $includeResearchContent) {
      __typename
      id
      ...Teaser_content
    }
    researchContentIds @include(if: $includeResearchContent)
    researchContent(researchId: $researchId) @include(if: $includeResearchContent) {
      publishedAt
      pdfUrl
      content {
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
      }
    }
    id
  }
}

fragment RiskRecommendMatrix_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      riskData: estimateTransactions(first: 1) {
        businessRisk
        valuationRisk
      }
      id
    }
    id
  }
}

fragment StockChart_ChartQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    isFund
    defaultInstrument {
      coreId
      id
      marketOpen
      marketClose
      marketplace {
        region
      }
      priceData {
        lastPrice
      }
      returns {
        day
        week
        month
        threeMonths
        sixMonths
        year
        threeYears
        fiveYears
        tenYears
        ytd
        total
      }
    }
    id
  }
}

fragment TargetAndRecommendation_Company on Instrument {
  estimateData {
    modelType
    researchCurrency
    estimates {
      date
      recommendation
      targetPrice
    }
  }
}

fragment TeaserCompact_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  isPremium
  pageUrl
  lang
  companies {
    ...CompanyTagList
    id
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  ...AuthorList
}

fragment TeaserExtraCompact_content on Content {
  __isContent: __typename
  id
  title
  createdAt
  pageUrl
  lang
  companies {
    name
    pageUrl
    viewerIsFollowing
    id
  }
}

fragment Teaser_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  pageUrl
  imgUrl
  isPremium
  lang
  companies {
    ...CompanyTagList
    id
  }
  publishers {
    imgUrl
  }
  authors {
    __typename
    id
  }
  ... on AnalystComment {
    preview
  }
  ... on Article {
    preview
  }
  ... on CompanyReport {
    preview
  }
  ... on ThirdPartyCompanyReport {
    preview
  }
  ... on QA {
    preview
  }
  ... on Video {
    preview
    liveTime
    videoDuration
  }
  ... on Webcast {
    preview
    liveTime
  }
  ...AuthorList
  ...Reactions
}

fragment UpcomingEventsQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      calendarEvents(first: 10) {
        edges {
          node {
            date
            type
            period
            id
          }
        }
      }
      id
    }
    id
  }
}


name

description

pageUrl

websiteUrl

logoUrl

squareLogoUrl

defaultInstrument

companyInsref

viewerIsFollowing

followersCount

isCorporateCustomer

hasPinpointData

hasDividendHistory

sector

regions

extensiveResearchExists

researchContentExists

topOwners

insiderTransactions

isPayingCustomerOf

isFormerCustomerOf

extensiveResearch

slug

feedContent

Lohilo Foods

Carlsquare: Research update, Lohilo Foods Q1 2025: Solid cost control ahead of high season

Carlsquare: First impression Lohilo, Q1 2025: Positive margin trend in slow season

Carlsquare: Preview Lohilo Foods Q1 2025: Growth momentum in slow season

Carlsquare: Initiation of coverage, Lohilo Foods: Attractive brands with scaling potential

NGM Growth Market

Lohilo Foods operates in the food industry. The company is a producer and distributor of food products such as ice cream, drinks and protein bars. The business is operated throughout the Nordic market via several production and distribution facilities. The customers mainly consist of wholesalers and private players. The company has its headquarters in Växjö.

The Q1/24 results released today strongly confirmed my previous post. The stock bottomed out pretty much to the day of my last writing and has since increased more than 2.5-fold, but I bet there is still quite a long way to go if things continue to straighten out.

The Q1 report for the forgotten Lohilo came out yesterday. Lohilo really should publish these reports in English; a theoretical expert in the “second official language” like me has to put in way too much effort with Google Translate. Those hundreds or even thousands of lessons really went down the drain… Anyway, mandatory Swedish is in. Back to Lohilo. Loss-making operations continue, as expected. If I skimmed it correctly, the losses were around 6,948,000 kronor and cash reserves are around 12,909,000 kronor after the quarter. So it will last until Q4 unless summer saves them. The weak krona would have increased losses and there were other reasons behind it… Well, summer is indeed ahead so things will probably go a bit better, but this report doesn’t get any cheers. Difficult times continue and since their own production was apparently already outsourced, margins won’t even be as good as they used to be in the future, so it seems increasing volume is pretty much all that’s left… Q1 report in Swedish:            cdn.prod.nntech.io              152db3b21f0b80afda1864057f556076.pdf    1169.59 KB                            The share price has slumped deservedly and is down over 70% in a year. But if you look at it from the point when the catastrophe has already occurred, it has held up relatively well in a six-month cycle.   What Lohilo and Oatly have in common is that in 2021, people celebrated how the Swedes are masters at making their products world-famous. The stage was set for an inevitable success story. And by 2023, that celebration has been buried deep in the sand.

Well, there was news from Lohilo a week ago that they are now entering Denmark and directly into 640 stores at that. Big deal, Holland is probably growing too, but it’s mainly the cash flow that’s worrying me, not the growth, before I’d dare to return to the stock. I still don’t fully understand where the money will come from for the rest of the winter; if someone can enlighten me better, I would be grateful.                   News Powered by Cision              LOHILO lanseras i 640 danska dagligvarubutiker    Nu kommer danskarna äntligen att få njuta av LOHILOs funktionella glass. Lohilo Foods lanserar

The shareholder meeting was in the morning; a quick glance shows that losses continue, though some costs have been reined in. Is the cash seriously running out this winter, when I add up the losses and cash reserves?                   News Powered by Cision              Q3 Lohilo Foods AB (publ): Kostnadsbesparingar leder till förbättrat...    Juli - September 2022    · Nettoomsättningen minskade med -7,2 procent till 55 991 TSEK (60 346)                             Google translate:  July-September 2022 Net sales decreased by -7.2 percent to 55,991 thousand SEK (60,346). Net sales have been negatively impacted by the recall of Häagen-Dazs products due to defective items during the summer.  As a result of continuously increased product and delivery costs and currency changes, the gross margin deteriorated to 33.1 percent (35.1) compared to the third quarter of 2021.  Sales of own ice cream brands decreased by -7.0 percent. The decrease is partly due to price increases in Swedish grocery retail, which affect sales to consumers, but also to reduced deliveries to Finland during the quarter.  With the decided savings program, other external costs decreased by 17.7 percent to 16,510 thousand SEK (20,062), and personnel costs decreased by 35.0 percent to 8,052 thousand SEK (12,383).  Earnings before interest, taxes, depreciation, and amortization (EBITDA) were -4,355 thousand SEK (-9,236).  Operating profit was -6,570 thousand SEK (-11,856).  Profit for the period after tax was -6,066 thousand SEK (-9,801).  Earnings per share were -0.27 SEK (-0.66).  Cash flow for the period was -3,395 thousand SEK (-1,682).  January-September 2022 Net sales decreased by -5.4 percent to 181,778 thousand SEK (192,168). The change, adjusted for the terminated Nick’s agreement, is -0.4 percent.  The gross margin somewhat deteriorated due to increased raw material costs compared to January-September 2021 and was 32.8 percent (33.8). However, compared to the full year 2021, it was an improvement of 2.7 percentage points from 30.1 percent.  Growth of Lohilo’s own ice cream brands was 2.2 percent.  Earnings before interest, taxes, depreciation, and amortization (EBITDA) were -5,487 thousand SEK (-24,696).  Operating profit was -12,140 thousand SEK (-31,175).  Profit after tax was -12,007 thousand SEK (-25,565).  Earnings per share were -0.63 SEK (-1.71).  Items affecting comparability during the period were 6,250 thousand SEK. This item relates to the settlement with Nick’s and is recognized in other income. Compensation was paid at the end of March.  Profit before tax, adjusted for items affecting comparability, was -20,353 thousand SEK (-24,696).  Cash flow for the period was -142 thousand SEK (-2,627).  Cash and cash equivalents, including granted credit facilities, amounted to 5,904 thousand SEK (11,764) on the balance sheet date. Significant events in the third quarter of 2022 During the period, costs increased due to higher raw material and delivery costs, as well as the development of the SEK against the EUR and USD.  In July, the company carried out price adjustments for most products, which continued in August and is expected to have a positive impact on product margins.  Lohilo appoints Daniel Broman as the new CFO starting January 1, 2023.  The company will not renew its distribution agreement with General Mills. The agreement expires on December 31, 2022.  Dutch listings for 2022 have increased from 600 stores to 830 stores in the Albert Heijn grocery chain.  Lohilo entered into a sales and distribution collaboration with Sproud International.  Events after the balance sheet date The distribution and collaboration agreement with Fuud AB ends in mid-October after the FUUD group declared bankruptcy. The bankruptcy does not significantly impact Lohilo’s sales as the business has not had time to build up. The maximum customer loss risk is 230,000 SEK.  Lohilo shifts its focus to its own products. During the fourth quarter, management will launch a restructuring program with additional costs to adapt the company to this. Improved results and bright spots in export markets The quarter has presented challenges related to accelerating inflation, but also bright spots as we see that the changes we have implemented in the company have already had an effect and we are on the right track. Thanks to the efficiency measures implemented in both our distribution and organization, we succeeded in reducing external costs by 18 percent and personnel costs by 35 percent during the period. We have not only reduced costs but also adapted to how we want and should operate in the future, which means we have high hopes of seeing further positive effects from the implemented savings. In addition, we have taken further measures in the last quarter to further reduce our costs. To streamline and improve our distribution, we have also closed several warehouses. In addition to a large reduction in inventory, which lowers our costs, this change also means that we tie up less capital, especially in inventory. Improved results The economic downturn and increased energy and interest costs have affected consumer behavior in our grocery stores and the demand for premium products, such as LOHILO ice cream. In addition, rising global raw material prices and the weakening of the SEK lead to increased costs for products and transportation. Rising energy prices also increase our production, warehousing, and distribution costs. This means that we do not quite achieve a positive result during the quarter, although we are pleased that we are moving in the right direction and it is clear that we are significantly improving the result in the third quarter. Focus on own brands Following the end of collaborations with General Mills and FUUD, management and the board have assessed that in the future, we should focus more on our own products to increase margins and grow the company’s value. The growth of our own ice cream brands in the first nine months of the year is 2.2 percent. The weaker development in the third quarter is due to the aforementioned factors: sharply increased prices in Swedish grocery retail combined with consumer uncertainty about high inflation, increased interest rates, and electricity prices. However, in September and October, we can see the positive effect on margins of the price increases we implemented with customers. Like other consumer markets, we will implement additional price increases at the turn of the year to strengthen the margins of our own brands going forward. New products In September, we made the last major launch of a new ice cream product, LOHILO Everyday Slacker. The ice cream and its associated concept are specifically designed to clarify the greatness of our core product: a healthier version of your favorite ice cream. Resembling another worldwide favorite with peanuts and chocolate, the ice cream has received a warm welcome in the market and has already been launched in several markets outside Sweden. Another exciting piece of news is that through robust product development, we have now also been able to open up an entirely new sales channel for a completely new target group by launching a protein-rich ice cream that meets the dietary needs of patients and those receiving treatment. The development of this LOHILO ice cream has taken place in collaboration with one of Sweden’s regions, where nutritionists have evaluated the nutritional value and ingredients, as well as the taste, of the ice cream. Exports continue to grow The success in the Netherlands has also not been long in coming. After five months in the Dutch market, we have already been able to increase the sales of our products from 600 stores to 830 stores in the leading grocery chain Albert Heijn. Preparations for the launch of LOHILO ice cream in Norway and Denmark have progressed well and are expected to take place in 2023. In addition, negotiations are underway with a new partner in China for licensing the production of LOHILO ice cream for this market. Financing and liquidityImplemented changes through cost savings, organizational and distribution efficiencies, and price increases have resulted in a positive cash flow impact. The termination of the distribution agreement with General Mills still means a loss of volume, which will be reflected in our sales in 2023. To adapt the business, management is now implementing additional measures during the fourth quarter of 2022 and the first quarter of 2023. These measures are expected to have full effect in a short time regarding both cost levels and working capital. The Board continues to work actively on the Group’s financial matters. Looking Ahead The past year has been one of great change and many challenges, both external and internal. I am convinced that the entire organization will emerge from this period of change with a stronger focus and great joy, so that we can continue to offer Lohilo’s excellent products to more consumers in Sweden and many other countries. I am proud of my colleagues and our products, which are increasingly valued both in Sweden and in our export markets. I look forward to the future and the trends with which we work closely and which we do not believe will be significantly affected despite the state of the economy.

Lohilo has gained a foothold in the Normal chain.            lohilofoods.com              9d05b3_6c2480fcb2e64ec19afe20aeaad25334.pdf    561.26 KB

Lohilo’s comment on the matter in Swedish:                  News Powered by Cision              Fokus på de egna varumärkena efter Fuuds konkursbesked    Lohilo Foods kommer efter dagens konkursbesked från Fuud fokusera på den egna produktportföljen med                             And Google Translate:  "Following today’s announcement of Fuud’s bankruptcy, Lohilo Foods will focus on its own product portfolio with the brands LOHILO, Alvesttaglass, Järnaglass, and Superfruit.  In a previous press release, the agreement with Fuud was valued at SEK 50 million over two years. As sales and distribution have just begun, the company does not need to significantly adapt its organization after the announcement. "We see great potential in our own brands, and with the announcement of the end of Häagen-Dazs and today’s Fuud announcement, the entire organization is being renewed and focusing on its own brands. Our own brands yield higher margins and higher long-term value for the company. We have been positioning the company for about a year, from 83 full-time employees in September 2021 to 34 by January 2023. The organization has been streamlined, and the focus is on our own brands in Sweden and the marketing of LOHILO’s unique ice cream products in our export markets. Now that Covid has subsided, we see great opportunities outside Sweden," says CEO Richard Hertvig."

Operating cash flow is negative and a share issue is looming. Operations would need to be turned profitable immediately, or soon the company will no longer exist.  Revenue was also down -25% in Q4…

Voxson Carl-L Eriksson AB

Richard Hertvig

Lohilo Foods

2.21 SEK

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