OPERATIONS IN BRIEF

  • Privab Stockholm and Privab Nässjö are two of a total of six businesses under the Privab Grossisterna AB ("Privab") partnership. Privab is a nationwide market player in trade and logistics partners in primarily confectionery, snacks, sports nutrition and beverages to consumer goods chains and independent local customers.
  • The companies also provide a number of concepts such as MyWay (store concept), Gottmix (bulk candy) and NRG FOOD (gym and sports nutrition) to hundreds of stores around Sweden.
  • The companies' estimated consolidated turnover and adjusted EBITDA for 2022 are estimated to amount to approximately SEK 817 million and approximately SEK 26 million respectively.
  • The transactions are subject to customary competition approvals.

"Through the Transactions, we gain a central market player in trade and logistics in the service trade, which gives us increased warehousing capacity and opportunities to establish our brands and products faster in the country. We see many potential synergies by optimizing sales divisions between the Companies and Humble and establishing a competitive platform for purchasing and logistics. The MyWay, Gottmix and NRG FOOD store concepts, which provide a wide range of products in areas such as bulk candy and sports nutrition, enable Humble to secure fundamental retail infrastructure, which is expected to provide significant growth opportunities for many of our subsidiaries." says Simon Petrén, CEO Humble Group AB (publ).

ADVISORS
Rämsell Advokatbyrå AB is acting as legal advisor to Humble in connection with the Transactions.

For further information, please contact:
Simon Petrén, CEO, Humble Group AB
Phone: +46 70 999 94 55
E-mail:
simon.petren@humblegroup.com

The information in this press release was published through the agency of the contact person set out above, at the time stated by Humble's news distributor Cision at the publication of this press release.

ABOUT HUMBLE
Humble Group is a Swedish foodtech and FMCG group delivering the next generation of consumer products that are good for people and the planet. Humble focuses on the foodtech, eco, sustainability and vegan segments. The companies are growing through organic growth, acquisitions and leveraging synergies in the different business units: brands, distribution, manufacturing and ingredients. Humble's technologies, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve taste and texture for the next generation of sugar-reduced, sustainable and vegan products. For more information, please visit www.humblegroup.com

Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE. FNCA Sweden AB is Humble's certified adviser. Tel: 08-528 00 399, e-mail:info@fnca.se

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that reflect Humble's intentions, beliefs or expectations regarding Humble's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which Humble operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although Humble believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialize or that they are accurate. Because these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. Humble does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of the press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither Humble nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq First North Growth Market's Rule Book for Issuers.