contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

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

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


hkfoods-publishes-its-financial-statements-bulletin-2025-on-13-february-2026

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

HKFoods operates in the food industry. The group includes several subsidiaries with business activities in the sale, marketing and production of meat products from pork, beef and poultry. The group operates the entire value chain, from slaughtering, cutting to processing and resale of the raw materials. HKFoods has the largest operations in the Nordic market. The head office is located in Turku.

Improved profitability (albeit still not as good as competitors) and attractive valuation! @Pauli_Lohi and @Pia_Maljanen discuss the case.                   Inderes              HKFoods: In the right direction - Inderes    Time: 2026-02-03 08:10 HKFoods’ profitability is improving, but there is still a gap to competitors.

That has probably happened over the course of 10 years. The 10 largest owners now hold approx. ½ of all shares (approx. 47m shares). In 2019, there was a share issue where approx. 28m new shares were created. If we assume that even then the 10 largest owned half, then 14m new shares went to the top 10 owners through the issue. I believe the top 10 accumulators for 2015–25 increased their holdings through the issue, not from the secondary market. And over the last 1½ years, owners categorized as institutional investors haven’t added a single share.  That might indeed be the case if the company further improves its profitability and financing costs decrease. The company’s management has done a very good job over the last couple of years; it’s hard to believe that the improvement in profitability would be risked by the company’s own (poor) actions in the near future.

The bond’s maturity is about 1.4 years, and an investor could currently buy it at a yield of approximately 3.5%. For comparison, for example, the German 2-year rate is 2.1%, so if that were used as a benchmark for the spread, HK would be paying a margin of about 1.4% on top of the risk-free rate. The German 5-year rate is about 2.45%, so what would HK’s 5-year risk be? 2.5–3.5%? Thus, we could indeed be in the 5–6% range at these interest rate levels. The current 3-year bond was priced pretty much at the 3% interest rate level, so at that time, investors felt a premium of just over 6.5% for a three-year bond was sufficient. One more note on the pricing of the current bond: the interest rate level has fallen by about one percentage point, which also has an upward effect on the secondary market price.

To pass the time on this holiday, I cross-referenced these HK owners from December 2015 and then 2025. Of course, the number of shares has changed during this period, and the same may have happened to organization names, etc. It is indeed the case that Finnish funds and employment pension insurers have sold their shares (including the Swedes and HK itself), but they have been replaced by risk investors, and the old “loyalists” have increased their holdings (LSO, the Pharmacists’ Pension Fund, and MTK). Furthermore, the top 10 accumulators have bought 11.9 million additional shares, so nothing has been lost in this transition. The funds will still have time to get on board when the share price is slightly over 3 EUR.

That’s a good point, that the market has spoken through the bond price. I don’t know if the bond price has risen because of buying activity, or if the yield has simply drifted down over time as maturity approaches and, in the absence of selling interest, this is the result. The investors in this bond are, of course, institutions, but this is still a completely different instrument than “ultimate subordinated debt,” i.e., equity. The investors in the bond and the hybrid bond rolled over last year are the ones the company approached hat in hand during times of crisis; in my view, they are different investors than the stock pickers scanning the markets. On the list of shareholders, only retail investors have spoken, not institutions. It seems that for pension companies with tens of billions and funds with billions, it makes no sense to put a few million into the shares of an uncertain turnaround company, as the impact of any potential excess return on the total portfolio’s performance is negligible. When analyst coverage of the company is weak and other large investors haven’t made a move, going solo with an investment like this could, in the worst case, get you fired. This is what I mean by saying that institutions will become owners once the numbers are in order—if they do at all.

Yes, the bond price is a good indication that the company’s financing costs will decrease significantly; that is certainly one reason why the projected 2027 interest expenses could already be below 8m. Of course, the bond’s current yield reflects its approaching maturity; the company won’t get its next 3–5 year bond at such a rate, but could it be 5–6%? It remains to be seen.

The market has indeed already spoken, meaning that 2024 bond has been steadily increasing in value on the German stock exchange. So originally it was a nearly 9.572% interest-bearing security, and if you buy now, you only get a bit over three. This is, however, a 90 million EUR loan amount. The most important thing is to maintain that profitability.                   live.deutsche-boerse.com              HKFoods Oyj 9,572% 24/27 Bond | A3L0CU | FI4000571708 | Price    HKFoods Oyj 9,572% 24/27 price in real-time (A3L0CU / FI4000571708) charts and analyses, news, key data, turnovers, company data.

HKFoods

HKFoods Plc, media release, 3 February 2026 at 13:30 EETHKFoods Plc publishes its Financial Statements Bulletin 2025 on Friday 13 February 2026 at about 8:30 a.m. EET.To arrange investor calls...

<div class="abstract">HKFoods Plc, media release, 3&nbsp;February 2026 at 13:30 EET</div>HKFoods Plc publishes its Financial Statements Bulletin 2025 on Friday 13 February 2026 at about 8:30 a.m. EET.To arrange investor calls, please contact executive assistant Suvi Oksava, tel. +358 44 554 4231 or suvi.oksava@hkfoods.com.HKFoods PlcMarja Siltala SVP CommunicationsFor further information: HKFoods Media Service Desk, email communications@hkfoods.comWith 110 years of experience, we at HKFoods make life tastier - today and tomorrow. With nearly 3,000 professionals, we make responsible and locally produced food to meet consumers' varied food moments. Our well-known brands in Finland are HK®, Kariniemen®&nbsp;and Via®. HKFoods is a publicly listed company, and in 2024, our net sales totalled EUR 1 billion.&nbsp;<a href="https://www.hkfoods.com/en/">www.hkfoods.com</a> &nbsp;<div></div>