Haypp Group AB (publ) (HAYPP) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.296 Welcome to Hype Group Q3 earnings call for 2025. 00:00:03.296 -- 00:00:08.685 For the first part of the conference call, the participants will be in listen-only mode. 00:00:08.685 -- 00:00:13.612 During the questions and answers session, participants are able to ask questions by dialing 00:00:13.612 -- 00:00:18.220 pound key five on their telephone keypad. Now I will hand the conference over to the 00:00:18.220 -- 00:00:22.006 speakers, CEO Gavin O'Dowd and CFO Peter Deli. 00:00:22.006 -- 00:00:24.466 Please go ahead. 00:00:25.812 -- 00:00:30.891 Good morning, everyone. and welcome to our Q3 2025 conference call. 00:00:30.891 -- 00:00:36.895 Our CFO, Peter Deli, and I, Gavin O'Dowd, will take you through our results. 00:00:36.897 -- 00:00:39.818 Starting at slide four, 00:00:39.961 -- 00:00:45.667 I would like to focus on four key aspects of our operational highlights, beginning first 00:00:45.667 -- 00:00:50.972 with our nicotine pouch Q3 volume year-on-year growth of 21% on a like-for-like 00:00:50.972 -- 00:00:56.076 basis. It should be noted that Q3 last year had an exceptionally 00:00:56.076 -- 00:01:02.403 high traffic base in the US, which I will provide more details on in the next slide. 00:01:02.403 -- 00:01:07.709 Secondly, like-for-like sales grew 15% for the period, 00:01:07.709 -- 00:01:13.974 impacted by accelerated decline in snooze sales during the period. 00:01:14.276 -- 00:01:20.163 Third, gross margin continues to increase to a record high of 18.8%, 00:01:20.163 -- 00:01:23.393 reflecting the strength of our operating model. 00:01:23.393 -- 00:01:28.759 And lastly, we have continued to make strides forward in our infrastructure 00:01:28.759 -- 00:01:35.084 overall, having successfully migrated our largest site on...