Midsona AB (publ)

Welcome to Midsona Q3 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to the speakers, President and CEO Henrik Jolmarsson and CFO Nicholas Lundin. Please go ahead.

Good morning, everybody, and welcome to the presentation of Midsona's third quarter 2026. My name is Henrik Hermansson. I'm the president and CEO, and with me I have Niklas Lundin, CFO. We'll spend the coming 20 minutes or so going through an overview of the quarter, as well as a deep dive into the financials by Niklas, after which there will be plenty of time for questions. But for those of you who are new to us, just a quick introduction to Midsona. So we're a European natural and healthy food group. We are positioned in categories with clearly structurally growing demand, driven by health and sustainability trends. We combine a strong local brand platform with a scalable group of European brands. And we have a vision to become a leading European player within natural and healthy foods. You've got the sales of roughly 3.6 billion SEK the last 12 months with a 4.3% EBIT margin, roughly 700 employees in seven European countries and 50 owned brands. Starting then with a summary of the third quarter, and I thought we'd use the boxes here on the right-hand side to go through the overview of the quarter. So total sales grew by 1.7% in the quarter. driven then largely by the acquisition of Risensa in Sweden that we completed earlier in the year. Total organic growth, however, was a negative 3.7%, driven mainly by a sales decline in contract manufacturing, where we're consistently optimizing for improved profitability, but also partially by own consumer brands, which declined by 0.2% organically, then mainly driven by the development in Division Nord.

I'll come back to that.