Humble Group AB (publ) ("Humble") has during the fall been in extensive discussions and process with an international private equity firm (the"Intressenten") regarding a potential public offer to acquire all shares in Humble. Intressenten and certain shareholders in Humble have not agreed on the price for the potential takeover and the discussions with Intressenten have now been terminated.
"I see the far-reaching buyout process as a quality stamp on the attractiveness of our platform and the unique position we hold. We are seeing continued high organic growth in the fourth quarter and have broken new sales records in both October and November. During the year, we have focused on structural work and establishing an organization that can support the Group's development, where we have come a long way in the IFRS conversion and aim to change accounting standard early next year, which is part of the preparations required to enable a list change. Overall, 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
Phone: +46 70 999 94 55
E-mail: simon.petren@humblegroup.se
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.se.
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
