Haypp Group AB (publ) (HAYPP) Q4 2025 Earnings Call

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WEBVTT 00:00:01.162 -- 00:00:05.287 Good morning, everyone, and welcome to our Q4 2025 00:00:05.287 -- 00:00:10.373 conference call. Our CFO, Peter Deli, and I, Gavin O'Dowd, 00:00:10.373 -- 00:00:13.174 will take you through our results. 00:00:13.457 -- 00:00:16.260 Starting at slide four, 00:00:16.260 -- 00:00:21.406 I would like to focus on four key aspects of our operational highlights, beginning 00:00:21.406 -- 00:00:27.872 first with our nicotine pouch Q4 volume, year-on-year growth of 28%. 00:00:28.010 -- 00:00:32.636 Nicotine pouches now accounts for over two thirds of our volume. 00:00:32.636 -- 00:00:38.142 Strong acceleration in the US supported by the return of zinc and strong acceleration 00:00:38.142 -- 00:00:41.884 in the UK were important drivers. 00:00:42.588 -- 00:00:49.213 Our growth segment now accounts for over 40% of our nicotine pouch volumes. 00:00:50.037 -- 00:00:55.769 Secondly, net sales grew 19% for the period at constant rates. 00:00:55.769 -- 00:00:59.915 despite continued decline in traditional snus. 00:00:59.915 -- 00:01:05.563 Third, gross margin percentage reached 17.4% for the quarter and 00:01:05.563 -- 00:01:10.487 gross margin amount rose by 29% in 2025 versus 2024. 00:01:12.813 -- 00:01:17.900 And lastly, we completed our infrastructure overhaul in December and we can already 00:01:17.900 -- 00:01:24.066 see rapid deployment of features in January which are valued by the consumer. 00:01:24.963 -- 00:01:28.645 Moving to the next slide in slide five. 00:01:28.768 -- 00:01:34.755 The growth in sales was underpinned by robust growth in nicotine patch active consumers, 00:01:34.755 -- 00:01:40.121 which in turn is being driven by both an acceleration in new consumers 00:01:40.121 -- 00:01:45.167 and continued improvement in our robus...