Overview
Sweden FMCG firm's Q4 net sales grew 6% organically to MSEK 2,118
Adjusted EBITA for Q4 slightly declined to MSEK 139 from MSEK 142
Company undergoing transformation to improve efficiency and cash flow
Outlook
Humble aims to achieve cost-saving targets through its efficiency program
Company expects Swedish krona to impact financials in the short term
Humble is conducting strategic reviews for divestments, acquisitions, and partnerships
Result Drivers
FUTURE SNACKING GROWTH - Future Snacking segment saw 21% organic growth, driven by new launches and increased listings
CURRENCY IMPACT - Stronger Swedish krona negatively impacted revenue and profitability by MSEK -33
CASH FLOW IMPROVEMENT - Operating cash flow rose to MSEK 206 from MSEK 132, aided by inventory optimization
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 2.12 bln
Q4 Adjusted EBITA
SEK 139 mln
Q4 EBITA
SEK 123 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 SEK9.00, about 18.4% above its February 12 closing price of SEK7.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nMFN5WZ1ZP
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.)