Haypp Group reports Q2 net sales growth of 23 percent
Net sales reached SEK 769 million, driven by a 35% rise in nicotine pouch volume and strong performance in Growth markets.
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E-commerce group for smoke-free nicotine products
hayppgroup.comLast updated
In short: Haypp Group reported 28% sales growth, expanded in the US, secured credit, and faced Swedish regulatory rulings.
Net sales reached SEK 769 million, driven by a 35% rise in nicotine pouch volume and strong performance in Growth markets.
Nicotine pouch volume grew 37%, up 13% in orders. Active customers rose 15%, driven by favorable regulation and harm reduction trends.
Revenue accelerates to 1.2B SEK with record gross margins. Leadership invests in US and UK expansion while expanding into Saudi Arabia.
The report will be published after the stock exchange closes on August 12, followed by a webcast presentation at 6:00 PM CEST.
Barclays reiterates its overweight recommendation for Haypp Group and raises the target price to 210 kronor from the previous 170 kronor.
E-commerce group Haypp Group, the company behind Snusbolaget, secures financing for future initiatives. A new agreement with Danske Bank provides access to a credit line of 400 million...
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The nicotine company Haypp Group reports revenue of 1.2 billion Swedish kronor for the second quarter, up 28 percent. Volume in the US and the UK doubled.
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