News & Press

HIGH DEMAND AND IMPROVED PROFITABILITY, THIRD QUARTER 2024

  • Regulatory

FINANCIAL INFORMATION: THIRD QUARTER Net sales amounted to SEK 1,978 million (1,811), an increase of 9% compared with the corresponding period last year. Organic growth amounted to 10%. EBITA amounted to SEK 146 million (132) and EBIT amounted to SEK 96 million (85). Adjusted EBITA amounted to SEK 154 million (139), an increase of [...]

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FIRST DAY OF TRADING IN HUMBLE SHARES ON NASDAQ STOCKHOLM

  • Regulatory

Today, September 27, 2024, trading in Humble Group AB's ("Humble" or the "Company") shares will commence on Nasdaq Stockholm's main market.

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HUMBLE PUBLISHES PROSPECTUS IN CONNECTION WITH THE LIST CHANGE TO NASDAQ STOCKHOLM

  • Regulatory

Humble Group AB ("Humble" or the "Company") announced on September 13, 2024 that Nasdaq Stockholm's Listing Committee has approved Humble's application for admission to trading of the Company's shares on Nasdaq Stockholm's main list (the "List Change"). In connection with the List Change, Humble has prepared a prospectus which today, September 23, 2024, has been approved and registered by the Swedish Financial Supervisory Authority and is available on the Company's website.

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HUMBLE'S SHARES HAVE BEEN APPROVED FOR ADMISSION TO TRADING ON NASDAQ STOCKHOLM

  • Regulatory

Nasdaq Stockholm's Listing Committee has, subject to customary conditions, approved Humble Group AB's ("Humble" or the "Company") application for admission to trading of the Company's shares on Nasdaq Stockholm's main list (the "List Change"). The first day of trading on Nasdaq Stockholm's main list is scheduled for September 27, 2024 and the last day of trading on Nasdaq First North Growth Market is scheduled for September 26, 2024.

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HUMBLE GROUP PRESENTS NEW FINANCIAL TARGETS

  • Regulatory

The Board of Directors of Humble Group AB ("Humble" or the "Company") has today decided to adopt new financial targets. The decision is based on the structural development that the Company has undergone since the previous targets were communicated on December 1, 2021. The new targets aim to reflect the Company's objective regarding growth and profitability and to reflect the Company's medium-term business plan. The targets and the Company's strategy will be presented in more detail at the Company's Capital Markets Day on September 19, 2024 in Stockholm.

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INCREASED GROSS PROFIT AND STRENGTHENED MARGIN, SECOND QUARTER 2024

  • Regulatory

FINANCIAL INFORMATION: SECOND QUARTER Net sales amounted to SEK 1,861 million (1,710), an increase of 9% compared with the corresponding period last year. Organic growth amounted to 9%. EBITA amounted to SEK 139 million (129). EBIT amounted to SEK 90 million (83). Adjusted EBITA amounted to SEK 141 million (120), an increase of [...]

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Resolution at the Annual General Meeting of Humble Group AB (publ)

  • Regulatory

At the annual general meeting of Humble Group AB (publ) (the "Company" or "Humble") on 22 May 2024, it was resolved, inter alia, on the composition of the board of directors, re-election of the chairman of the board of directors and auditor, determination of the remuneration to the board of directors and auditor, amendment of the articles of association, establishment of a new long-term incentive program and an authorization for the board of directors to resolve on issues of shares.

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STRONG DEMAND AND IMPROVED PROFITABILITY, FIRST QUARTER 2024

  • Regulatory

"We begin 2024 with stable growth in the group, where net sales amounted to SEK 1,838 million (1,592), a total increase of 15 percent, of which 11 percent constitute organic growth. Considering that we had a negative calendar effect of approximately -4 percent as a result of the early Easter, we feel satisfied with the development in the various segments. The work to strengthen the profitability has begun to yield results and the adjusted EBITA margin strengthened from 6 percent to 7 percent, where adjusted EBITA increased by 25 percent to SEK 128 million (102). The cash flow from operating activities developed well and amounted to SEK 127 million (102). The change in working capital negatively affected the free cash flow, as a result of strategic investments in inventory before price increases and rising cocoa prices at some of the distribution companies. The gross margin has continued to develop in the right direction and amounted to 31 percent (30). The relative increase was greater, as we did not fully consolidate all the Privab companies during the comparison period, which have a lower gross margin than the rest of the group. Humble has a good momentum and we have a positive view of the development going forward, with a focus on continued expansion and growth." - Simon Petrén, CEO Humble Group AB.

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STRONG DEMAND AND IMPROVED PROFITABILITY, FIRST QUARTER 2024

  • Regulatory

"We are starting 2024 with stable growth in the Group, where net sales amounted to SEK 1,838 million (1,592), an increase of 15 percent in total, of which 11 percent is organic growth. Considering that we had a negative calendar effect of about -4 percent due to the early Easter, we feel satisfied with the development in the various segments. Efforts to further strengthen profitability have begun to yield results and the adjusted EBITA margin strengthened from 6 percent to 7 percent, with adjusted EBITA increasing by 25 percent to SEK 128 million (102). Cash flow from operating activities developed well and amounted to SEK 127 million (102). Changes in working capital had a negative impact on free cash flow, due to strategic investments in inventory ahead of price increases and increased cocoa prices for some of the distribution companies. The gross margin continued to develop in the right direction and amounted to 31% (30). The relative increase was higher as we did not fully consolidate all Privab companies in the comparison period, which have a lower gross margin than the rest of the Group. Humble has good momentum and we have an optimistic view of the development going forward, with a focus on continued expansion and growth."- Simon Petrén, CEO Humble Group AB.

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Notice of Annual General Meeting in Humble Group AB (publ)

  • Regulatory

Humble Group AB (publ), 556794-4797 (the "Company"), will hold its Annual General Meeting on Wednesday, May 22, 2024 at 9.30 a.m. at 7A Strandvägen's premises at Strandvägen 7 in Stockholm. Admission and registration begins at 09.15.

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