Humble Group AB (publ) (HUMBLE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Humble Group's presentation for the second quarter of the year. My name is Noel Abdayem and I'm the acting CEO of Humble Group. With me today I have our Group CFO, Johan Lennartsson. Good morning everyone. To everyone calling in, welcome and thank you for taking the time to be with us today. We will now go ahead and present the results for the second quarter. Following the presentation, we will open up for a Q&A session. Let's walk through the quarter. Revenue came in at just over 2 billion SEK, corresponding to an organic growth of 1%. While this is below the level of organic growth you are used to seeing from Humble, We remain confident in our ability to return to stronger growth as the underlying business continues to develop and the initiatives we have implemented gain further traction. The quarter was impacted by a continued challenging macro environment, together with short-term operational disruptions and delayed deliveries in some of our largest businesses. However, thanks to our diversified portfolio, demand across the Group remained stable and helped limit the overall impact. Operationally, we continue to execute on the initiatives launched over the past year. Our cost efficiency program is progressing according to plan and several of our businesses continue to strengthen their underlying profitability, even though the group's overall earnings were held back by challenges in our distribution business Prevob and parts of our UK operations. We also continue to optimize our portfolio during the quarter. We completed the acquisition of Youth Expo, strengthening our position in the UK. And after the end of the quarter, we announced the divestment of Fancy Stage as another step in focusing the Group on our highest priority bus...