Cheffelo AB (publ) (CHEF) Earnings Call Transcripts
Cheffelo AB (publ)'s Latest Earnings Call - Q1 FY2026
Cheffelo AB (publ) reported strong first quarter results for 2026, with net sales reaching SEK 375 million, up 11.4% year-over-year, despite adverse Easter calendar effects. The company achieved a record EBIT of SEK 35.7 million, reflecting a remarkable 74% increase compared to the previous year. Management maintained its guidance for net sales growth in the first half of 2026 at 14% to 18%, signaling continued momentum in the business and effective brand consolidation in Norway.
Reported metrics
| Metric | Value |
|---|---|
| Net Sales | SEK 375 million (beat) |
| EBIT | SEK 35.7 million (beat) |
| Average Order Value | 5.9% (positive) |
| Contribution Margin | 32.4% (inline) |
| Free Cash Flow | SEK 54 million (beat) |
| Customer Growth | 7% (positive) |
Guidance from management
Management maintained its growth guidance for the first half of 2026 at 14% to 18% in reported sales, indicating confidence in ongoing momentum and operational improvements.
What management said
So let's go to the first question, and that comes from Jacob Benon. Congratulations on a stellar quarter. Thank you, Jacob. You state that you expect H1 revenue to grow by 14% to 18%. Can you confirm that this is reported growth and not local currency growth?
Jacob, yes, we can confirm that this is intended to be reported growth. However, I cannot foresee the currency fluctuation, but if it remains stable, yes, this is intended to be the reported growth.
What analysts pressed on
Analysts expressed concerns regarding potential impacts of declining consumer sentiment on demand for meal kits, particularly in light of geopolitical tensions and rising fuel prices. There were also inquiries about the competitive landscape and how VAT changes might affect customer behavior.
Main topics on the call
- Record EBIT Growth — Cheffelo achieved a record EBIT of SEK 35.7 million, an increase of almost 74% year-over-year, driven by higher sales volumes and improved cost efficiency. Management noted, "The positive scale effect from higher volumes...
- Successful Brand Consolidation — The consolidation of Cheffelo's two Norwegian brands into Godtlevert has exceeded expectations, resulting in higher customer retention and improved operational efficiency. Management stated, "The migration project went b...
- Strong Sales Growth Across Markets — Net sales growth was reported at 13.5% in local currency, with Norway leading at nearly 17% growth. Sweden returned to double-digit growth at just over 12%, while Denmark grew by 4.4%, indicating a positive trend across ...
- Increased Average Order Value — Average order value increased by 5.9% due to price adjustments and a favorable mix of meal kits. This growth reflects Cheffelo's strategy to enhance customer experience while maintaining profitability.
Read the full Cheffelo AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Cheffelo AB (publ)
Cheffelo AB (publ) (CHEF) is a publicly listed company in the Food Products industry, within the Consumer Staples sector. It trades on OM and is based in SE. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 56 calls on record spanning February 12, 2020 to August 20, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 56 Cheffelo AB (publ) earnings call transcripts on record, spanning February 12, 2020 to August 20, 2026. Based on this history, Cheffelo AB (publ) reports quarterly. The most recent call on file is dated August 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CHEF
- Exchange
- OM
- Country
- SE
- Sector
- Consumer Staples
- Industry
- Food Products
- Calls on record
- 56
- First call
- February 12, 2020
- Most recent
- August 20, 2026
- Reporting cadence
- quarterly