Humble Group AB (publ) (HUMBLE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

doubled their adjusted EBITDA for the quarter, while we had some negative impact in the sustainable care segment, mainly due to the headwinds in the UK segment, as mentioned before. Yes, and let's talk a bit about future snacking. I mean, I think it's really rewarding to see. We've been talking about it for a couple of years now that we are investing. We have a really strong demand, more than 3,000 tons of candy that we can't deliver upon because the demand is so high. But we can clearly see here that the investments that we have been made in our facilities to scale up here is actually reaping some really good profitability. Increase of net sales of 22% and gross profit of 28%. And also, we can also see the operating leverage here with the beta up 98%. And mind you all, this is despite increasing some investments significantly into personnel, marketing, and sales in our growth brands. And despite that, we're making money on them, which I think is quite hard to do in FMCD when you conquer new markets. Pandian Trueco still remains very strong, ending on a strong first six months for the year, and we expect to continue to grow them for the last part of the year. Arena Confectionary, our manufacturers, we see some really tangible growth, and we have also, in Grans, for instance, already made the same profit in the first six months that we made in the full year last year. So our strategy here to invest to scale is working, and we know that we have the demand. Looking into sustainable care, this is the disappointment for the quarter, and there are some really specific reasons for that. UK market had a couple of different headwinds with change labour laws. We had cyber incidents with, not in our company, but with some of our key retailers that we supply with products. We ha...