Humble Group AB (publ) (HUMBLE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Humble Group's quarterly presentation of the first quarter 2025. My name is Simon Petrine. I'm the Group CEO of the company. With me today, I have Johan Lennartson, our Group CFO. Good morning, everyone. So before we dig into the details of the quarter, I just want to share a few highlights. We've had a quite strong start to the quarter with strong development in the beginning of the quarter with a little bit softer trading by the end of the quarter, mainly due to seasonality. We didn't have any sales from the Easter and that goes into April. So we're quite confident about the trading for the first six months of this quarter and the year. Looking at the highlights, it's really rewarding to see that we have been able to continuously improve the gross margin, we're making more money out of the sales that we're having, and we are investing that additional profitability into growth initiatives. We can also see that we've been able to maintain the profitability margin despite those quite significant investments. And we have also seen a significant improvement in the operating cash flow after networking capital, which is also one of the key priorities that we highlighted in the fourth quarter report. This is also something that we are going to maintain a high focus on, given that we had a quite weak cash flow in the first six months of last year. priority going forward. One of the big highlights for me this quarter is that we are starting to really see the results of the investments and the initiatives that we've been executing upon in Future Snacking. It's really the highlight segment of the quarter and especially Truco and Poundy where we had a really strong growth of more than 100% for the period. That being said, we have also further ...