Haypp Group AB (publ) (HAYPP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Hype Group Q1 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers, CEO Gavin O'Dowd and CFO Peter Deli. Please go ahead. Good morning, everyone, and welcome to Hype Group's Q1 results. Our CFO, Peter Deli, and I, Gavin O'Dowd, will take you through today's presentation. Starting at slide three, which is the agenda for today, I will take you through an overview of hype and the Q1 performance highlights, and Peter will take us through the consumer, financial, and segment performances before having a look at the progress on our key strategic priority markets and an outlook. I would like to take you to slide five to remind you of some of the key dynamics around our business. We are a retailer of risk-reduced products with a strong focus on nicotine patches, which as of today make up approximately 70% of our sales. We have multiple storefronts per market, and we operate in six markets in Europe and in the US. Approximately 90% of our revenue comes from product sales, with the sales of media and insights to brand owners accounting for just over 10%. While jurisdictional complexity around the sale of nicotine is often viewed as a hardship, given our expertise and scale, we view it as a barrier to entry. We target to approximately double our 2024 revenue by 2028 and increase our 2024 EBIT by 3 to 4x. Moving to slide six. The scale of market growth potential in our existing geographic footprint is determined by the US and the UK. While the UK is a distant second, it has some very favorable long-term dynamics. Continuing on to slide seven, t...