Haypp Group AB (publ) (HAYPP) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.000 -- 00:00:05.800 Thank you very much. Good morning everybody and welcome to our afternoon 00:00:05.800 -- 00:00:10.760 version of the Q2 2025 conference call. 00:00:10.760 -- 00:00:14.260 Today as opposed to this morning's version we're going to go for a slightly abbreviated 00:00:14.260 -- 00:00:19.420 version where we just focus on some key slides and the rest of the material is 00:00:19.420 -- 00:00:25.400 available within the deck and is available on recording on our platform as well. 00:00:25.400 -- 00:00:30.000 So going forward from here I'd like to start with slide number four and I'd like to focus 00:00:30.000 -- 00:00:34.440 on three key aspects of our operational highlights. 00:00:34.540 -- 00:00:40.500 Beginning first with our nicotine pouch Q2 volume which had -on-year growth of 23% 00:00:40.500 -- 00:00:45.560 on a -for-like basis and I would like to highlight that this doesn't reflect two key 00:00:45.560 -- 00:00:50.320 impacts on comparability which reduce the reported growth numbers. 00:00:50.320 -- 00:00:56.120 The first effect is the Easter effect and this particularly impacts our core markets. 00:00:56.120 -- 00:01:01.180 Easter in 2024 was in Q1 and it was in Q2 in 2025 which we 00:01:01.180 -- 00:01:06.120 highlighted in our Q1 presentation and this impacted growth by circa three percentage 00:01:06.120 -- 00:01:07.620 points. 00:01:07.620 -- 00:01:13.120 The second point I'd like to highlight is that in Q2 2024 it was an exceptional quarter 00:01:13.120 -- 00:01:18.380 driven by the initial Zin shortages in the US and much of the incremental 00:01:18.380 -- 00:01:23.520 traffic we received resulted in sales of non-Zin brands which grew 00:01:23.520 -- 00:01:28.540 over 50% quarter on quarter in Q2 24 versus Q1 00:01:28.540 --...