Sweden's Humble Group Q1 sales rise; EBITA hit by currency, store divestments

Humble AB

23/04/2026 07:18

Overview

Sweden FMCG group reported Q1 net sales up 5%, driven by 8% organic growth

Q1 EBITA was flat, affected by currency losses and divestment of store operations

Company completed acquisitions and divestments as part of strategic review

Outlook

Humble expects gradual improvement in profitability, cash flow and net debt during the yr

Company is preparing for new confectionery factory opening in H2, with customer agreements underway

Humble says recent acquisitions and divestments strengthen focus and profitability profile of the group

Result Drivers

SEGMENT PERFORMANCE - Organic growth was mainly driven by strong development in Future Snacking and Quality Nutrition segments

CURRENCY IMPACT - Negative currency effects reduced sales growth and EBITA

DIVESTMENT IMPACT - EBITA was negatively affected by capital loss from divestment of LEV Group store operations

Company press release: ID:nMFN4PndB3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 1.99 bln
Q1 EBITA
SEK 116 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 SEK8.30, about 10.1% above its April 22 closing price of SEK7.54

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)