Sweden's Humble Group Q3 sales rises on strength in future snacking and quality nutrition segments

Humble AB

Yesterday 07:09

Overview
Sweden FMCG group's Q3 net sales grew 5%, driven by 4% organic growth
Q3 EBITA rose to MSEK 141 from MSEK 77, with adjusted EBITA up 29%
Company divested Fancystage and Kryddhuset as part of ongoing strategic review

Outlook
Company did not provide specific financial guidance for the current or coming quarters in its press release

Result Drivers
SEGMENT PERFORMANCE - Organic growth in Future Snacking and Quality Nutrition segments contributed to sales and margin expansion
MARGIN IMPROVEMENT - Adjusted EBITA margin rose to 7.5% from 6.1%, attributed to pricing, procurement and cost discipline, per CEO Anders Fredriksson
WORKING CAPITAL CHALLENGES - Increased capital tied up in working capital held back cash flow and leverage improvement, per CEO

Company press release: ID:nMFN8GrPtt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
SEK 2.20 bln
 
Q3 EBITA
 
SEK 141 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 SEK6.90, about 34.2% above its October 20 closing price of SEK5.14
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 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.)