Humble Group AB (publ) ("Humble") has during the autumn been in advanced discussions and a process with an international financial sponsor (the "Stakeholder") regarding a potential public takeover offer regarding the acquisition of all shares in Humble. The Stakeholder and certain shareholders in Humble have not agreed on the price for the potential takeover and the discussions with the Stakeholder have now ended.
"I see the advanced process as a proof of quality on the attractiveness of our platform and the unique position we have. We see continued high organic growth during the fourth quarter and have set new sales records in both October and November. During the year, we have had a focus on structural work and establishing an organization capable of supporting the group's development, where we have come a long way in the IFRS conversion. Our aim is to complete the change of accounting standard early next year, which is part of the preparations required to enable a list change. All in all, we look forward to 2023 where we will continue to gain market share and prioritize strengthening the group's cash flows and profitability." says Simon Petrén, CEO, Humble Group AB (publ).
For further information, please contact:
Simon Petrén, CEO, Humble Group AB
Tel: +46 70 999 94 55
The information in this press release has been published by the above contact person, at the time specified by Humble Group's news distributor Cision at the time of publication of this press release.
Humble Group is a Swedish food-tech and FMCG-group, supplying the next generation of products that are good for people and the planet. Humble targets the segments of foodtech, eco, sustainability and vegan to drive high organic growth, acquisitions and utilize synergies in the different operation entities: Brands, Distribution, Manufacturing and Ingredients and R&D. Humble’s technology solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar-reduced, sustainable and vegan products. For more information visit www.humblegroup.se
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE. FN Sweden AB is Humble’s certified adviser. Tel: 08-528 00 399 E-mail: firstname.lastname@example.org