Interim Report Q3: Strong business momentum with regulatory challenges

July – September 2024
• Net sales increased by 23 per cent to SEK 944.2 m (768.9). In constant currency, net sales increased by 25 per cent.
• 42 percent volume growth in the nicotine pouch category during the quarter.
• The gross margin amounted to 14.3 per cent (12.6).
• Adjusted EBITDA amounted to SEK 50.8 m (32.9), corresponding to an adjusted EBITDA margin of 5.4 per cent (4.3).
• Adjusted EBIT amounted to SEK 33.1 m (18.3), corresponding to an adjusted EBIT margin of 3.5 per cent (2.4).
• Operating profit totalled SEK 12.4 m (7.7), including items affecting comparability of SEK –10.7 m (–0.7).
• Profit for the quarter amounted to SEK 16.9 m (6.1).
• Earnings per share before dilution amounted to SEK 0.57 (0.21).
• Number of orders increased to 1,281 thousand (1,068) with an average order value of SEK 687 (683).
• Active customers were 618 thousand (496) at the end of the quarter.

Net sales for the third quarter increased by 23 per cent to SEK 944.2 m (768.9). In constant currency, net sales increased by 25 per cent. Gross Profit increased to SEK 134.8 m (97.1), corresponding to a gross margin of 14.3 per cent (12.6). Adjusted EBIT for the third quarter increased to SEK 33.1 m (18.3). The adjusted EBIT margin increased to 3.5 per cent (2.4).

“Haypp Group retained its strong business momentum in the third quarter of 2024 with net sales growth of 23 per cent, the highest rate over the last two years driven by strong performances from all three divisions. Moreover, the Insights business continues to develop as brand owners leverage Haypp Group’s unique and powerful consumer data”, says Haypp Groups CEO Gavin O’Dowd.
The full Q3 report is attached in its entirety to this press release and on the company´s website: https://hayppgroup.com/investor-relations/reports-and-presentations/

Haypp Group will hold a webcast conference call in English at 09.00 am CET today. Haypp Group will be represented by President and CEO Gavin O´Dowd and CFO Peter Deli, who will present the interim report and answer questions. To participate or for further information – https://ir.financialhearings.com/haypp-group-q3-report-2024

For more information and contact
Markus Lindblad
Head of External Affairs:
+46(0)708153983
markus.lindblad@hayppgroup.com

Erik Bloomquist
Head of Investor Relations:
+44(0)7525421916
erik.bloomquist@hayppgroup.com

FNCA Sweden AB
Certified Advisor

Haypp in brief
Haypp Group spearheads the global transformation from smoking to healthier product alternatives. With origins in Scandinavia, extensive experience from pioneering markets in smoke-free alternatives, and being a leader in the e-commerce sector, Haypp Group is taking the vision of inspiring healthier enjoyment for millions to a global scale. With eleven e-commerce brands, the Haypp Group is present in seven countries, where we served more than 950,000 active customers in 2023. Haypp Group’s e-commerce site collection includes, among others, https://www.snusbolaget.se/ and https://www.northerner.com/