Sweden's Humble Group prelim Q2 sales rise; impairment to hit EBIT

Humble AB

14/07/2026 07:30

Overview
Sweden FMCG group's preliminary Q2 net sales rose 1% organically to SEK 2.0 bln
Preliminary Q2 EBITA flat at SEK 120 mln, with EBIT sharply negative after SEK 600 mln impairments
Company divested Fancystage and booked SEK 600 mln non-cash impairments in Sustainable Care

Outlook
Humble continues to evaluate further divestments and acquisitions as part of strategic review

Result Drivers
FANCYSTAGE DIVESTMENT - Co divested its Fancystage subsidiary, resulting in a SEK 280 mln non-cash goodwill impairment and expected to reduce annual sales but improve annual EBIT
GOODWILL IMPAIRMENTS - SEK 320 mln non-cash impairment from updated valuation of goodwill and intangibles in Sustainable Care business area

Company press release: ID:nMFNbpszLs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Preliminary  Sales
 
SEK 2.004 bln
 
Q2 Preliminary  EBITA
 
SEK 120 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer goods conglomerates peer group is "buy."
Wall Street's median 12-month price target for Humble Group AB is SEK7.70, about 18.3% above its July 13 closing price of SEK6.51
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)