Humble Group Ab · OMXSTO:HUMBLE
Humble Group Ab — Q4 2024 Earnings Presentation
27 slides from Humble Group Ab's earnings presentation, Feb 19, 2025
Slide 1: Year-End Report January – December 2024
YEAR-END REPORT JANUARY – DECEMBER 2024
Slide 2: Increased profitability and a stable last quarter of the year
YEAR-END REPORT JANUARY - DECEMBER 2024 INCREASED PROFITABILITY AND A STABLE LAST QUARTER OF THE YEAR Financial information Fourth quarter Twelve months Net sales amounted to MSEK 2,089 (1,936), an increase Net sales amounted to MSEK 7,708 (7,050), an increase with 8% compared to the correspondi
Slide 3: Comments from the CEO
| COMMENTS FROM THE CEO INCREASED PROFITABILITY AND A STABLE LAST QUARTER OF THE YEAR We completed 2024 with a stable fourth quarter. Net sales increased to Improved gross margin, stable profitability and reduced debt-leverage SEK 2,089 million (1,936) and the organic growth amounted to 7.2 The gros
Slide 4: Humble Group's financial development – fourth quarter
| FINANCIAL DEVELOPMENT HUMBLE GROUP’S FINANCIAL DEVELOPMENT FOURTH QUARTER REVENUES RESULTS Net sales EBITA Net sales for the quarter amounted to MSEK 2,089 (1,936), an EBITA for the quarter amounted to MSEK 152 (156), a change of increase of 8% compared to the corresponding period last year. MSEK
Slide 5: Financial development – twelve months
| FINANCIAL DEVELOPMENT TWELVE MONTHS REVENUES EBIT Net sales EBIT for the twelve months amounted to MSEK 376 (318), which Net sales for the twelve months amounted to MSEK 7,708 (7,050), corresponded to a change of MSEK 59 compared with the an increase of 9% compared to the corresponding period last
Slide 6: Segment report - Future Snacking
| SEGMENT INFORMATION SEGMENT REPORT - FUTURE SNACKING SEGMENT OVERVIEW The overall growth for the segment was hampered by that First Future Snacking delivered a strong quarter with stable growth of Class Brands continued to face challenges with declining sales and 7% and improved profitability. The
Slide 7: Segment report - Sustainable Care
| SEGMENT INFORMATION SEGMENT REPORT - SUSTAINABLE CARE SEGMENT OVERVIEW SEGMENT UPDATE Sustainable Care delivered double digit growth of 12% and an The most significant events and initiatives for the segment during strengthened gross margin in the fourth quarter. Gross margin the quarter comprise,
Slide 8: Segment report - Quality Nutrition
| SEGMENT INFORMATION SEGMENT REPORT - QUALITY NUTRITION SEGMENT OVERVIEW Several products in the segment are dependent on the whey Quality Nutrition had a sales decline of 6% in the fourth quarter, protein pricing, and the overall gross margin for the segment was facing some challenging comparative
Slide 9: Segment report - Nordic Distribution
| SEGMENT INFORMATION SEGMENT REPORT - NORDIC DISTRIBUTION SEGMENT OVERVIEW SEGMENT UPDATE For the second consecutive quarter, Nordic Distribution has The most significant events and initiatives for the segment during delivered double-digit growth of 14% and margin expansion, the quarter comprise, a
Slide 10: Other information
| OTHER INFORMATION OTHER INFORMATION ABOUT HUMBLE GROUP The Group monitors the market development closely to ensure Humble is a leading FMCG Group with a focus on health and well- that Humble positions its product mix in best possible way to being. The Group comprises 47 operating entities at the d
Slide 11: The share
| THE SHARE THE SHARE THE SHARE LARGEST SHAREHOLDERS The Group’s share with ticker HUMBLE is listed on Nasdaq The ten largest shareholders per December 31st, 2024, are listed Stockholm main market since 27th of September 2024. The share below: was previously traded on Nasdaq First North Growth Marke
Slide 12: Consolidated statement of comprehensive income
| FINANCIAL INFORMATION CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Fourth quarter Tw elve m onths M SEK Note 2024 2023 2024 2023 Net sales* 4 2,089 1,936 7,708 7,050 Capitalized w ork on ow n account 2 22 7 83 Other operating income 5 37 83 140 262 Raw materials and consumables* 4 -1,430 -1,322
Slide 13: Group balance sheet - in summary
| FINANCIAL INFORMATION GROUP BALANCE SHEET - IN SUMMARY Decem ber, 31 M SEK Note 2024 2023 ASSETS Non-current assets Intangible assets 6,035 6,012 Tangible assets 261 192 Financial assets 90 99 Right-of-use assets 419 299 Deferred tax assets 37 29 Total non-current assets 6,842 6,631 Current assets
Slide 14: Consolidated statement of changes in equity – fourth quarter
| FINANCIAL INFORMATION CONSOLIDATED STATEMENT OF CHANGES IN EQUITY – FOURTH QUARTER Equity attributable to Parent Com pany's shareholder Other Non- Total Share Translation Retained equity Total controlling shareholders capital reserve earnings M SEK contributed interest equity Opening balance Octob
Slide 15: Consolidated statement of changes in equity – twelve months
| FINANCIAL INFORMATION CONSOLIDATED STATEMENT OF CHANGES IN EQUITY – TWELVE MONTHS Equity attributable to Parent Com pany's shareholder Other Non- Total Share Translation Retained equity Total controlling shareholders capital reserve earnings M SEK contributed interest equity Opening balance Januar
Slide 16: Group cash-flow statement
| FINANCIAL INFORMATION GROUP CASH-FLOW STATEMENT Fourth quarter Tw elve m onths M SEK 2024 2023 2024 2023 OPERATING ACTIVITIES Profit and loss after financial items 51 6 161 -61 Adjustment for non-cash items Depreciation and Amortization 82 118 312 341 Other items 21 38 136 304 Paid tax -7 -33 -77
Slide 17: Income statement - parent company
| FINANCIAL INFORMATION INCOME STATEMENT - PARENT COMPANY Fourth quarter Tw elve m onths M SEK 2024 2023 2024 2023 Net sales 28 25 59 44 Other operating income 11 -2 12 1 Total revenue 39 23 71 46 Other external expenses -12 -9 -43 -29 Personnel expenses -13 -13 -45 -43 Other operating expenses 2 75
Slide 18: Parent company balance sheet – in summary
| FINANCIAL INFORMATION PARENT COMPANY BALANCE SHEET – IN SUMMARY Decem ber, 31 M SEK 2024 2023 ASSETS Non-current assets Intangible assets 6 2 Tangible assets 0 3 Financial assets 6,963 6,967 Total non-current assets 6,970 6,972 Current assets Accounts receivables 0 2 Receivables w ith group compan
Slide 19: Notes – accounting principles
| FINANCIAL INFORMATION NOTES NOTE 1 – ACCOUNTING PRINCIPLES The consolidated financial statements have been prepared in accordance with the Swedish Annual Accounts Act, RFR 1 Supplementary Accounting Rules for Groups and International Financial Reporting Standards (IFRS) and interpretations issued
Slide 20: Note 4 – Segment information and disclosure of revenue
| FINANCIAL INFORMATION NOTE 4 – SEGMENT INFORMATION AND DISCLOSURE OF REVENUE The Group's chief operating decision maker is the chief executive officer (CEO), who primarily uses a measure of adjusted earnings before interest, tax, depreciation, and amortization (Adjusted EBITDA) to assess the perfo
Slide 21: Note 5 – Other operating income and expense
| FINANCIAL INFORMATION Net sales per country Fourth quarter Tw elve m onths M SEK 2024 2023 2024 2023 Australia 148 164 492 423 China 46 65 191 193 Denmark 29 21 101 80 Finland 36 29 135 108 Germany 59 61 254 272 Norw ay 83 66 327 264 Portugal 37 44 200 167 Sw eden 983 927 3,665 3,496 United Kingdo
Slide 22: Notes 6 and 7 – Items affecting comparability, financial expenses
| FINANCIAL INFORMATION NOTE 6 – ITEMS AFFECTING COMPARABILITY Humble recognizes items affecting comparability to EBITDA to visualise comparable figures that are adjusted for the items that occur in historical numbers for various reasons. Explanation of what the items affecting comparability mainly
Slide 23: Notes 8 and 9 – Net interest-bearing debt, business combinations
| FINANCIAL INFORMATION NOTE 8 – NET INTEREST-BEARING DEBT Humble's net interest-bearing debt as of December 31st, 2024, is presented in table below. During the second quarter 2024, Humble expanded credit facility agreement with a total of MSEK 300, whereas MSEK 150 was a short-term loan and MSEK 15
Slide 24: Note 10 – Financial instruments measured at fair value
| FINANCIAL INFORMATION NOTE 10 – FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE The levels in the fair value hierarchy are defined as follows: The total contingent consideration to be paid are generally conditioned by significant financial performance improvements, Financial instrument level 1 which
Slide 25: Definitions and calculations on key ratio
| DEFINITIONS AND CALCULATIONS ON KEY RATIO DEFINITIONS AND CALCULATIONS ON KEY RATIO This report includes definitions and key figures that are not clearly defined in ÅRL or International Financial Reporting Standards (IFRS) but are what the Group management considers to be relevant to users of the
Slide 26: Glossary and Board of Directors' approval
| GLOSSARY AND BOARD OF DIRECTORS’ APPROVAL GLOSSARY FMCG NIBD FMCG is an industry term and is short for Fast-Moving Consumer Short for Net interest-bearing debt. Goods. LTM Contingent consideration Short for Last twelve months. Deferred purchase price payments that are contingent upon future perfor
Slide 27: Contact us
| CONTACT US Headquarters Ingmar Bergmans gata 2 114 34 Stockholm info@humblegroup.se www.humblegroup.se +468 613 28 88 Johan Lennartsson Simon Petrén Noel Abdayem Chief Financial Officer Chief Executive Officer Vice President & board member johan.lennartsson@humblegroup.se simon.petren@humblegroup.