Haypp Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 01:45 am EST
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Haypp Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 854.38 million compared to SEK 704.14 million a year ago. Revenue was SEK 855.51 million compared to SEK 705.22 million a year ago. Net loss was SEK 2.91 million compared to net income of SEK 4.88 million a year ago. Basic loss per share from continuing operations was SEK 0.1 compared to basic earnings per share from continuing operations of SEK 0.17 a year ago. Diluted loss per share from continuing operations was SEK 0.1 compared to diluted earnings per share from continuing operations of SEK 0.17 a year ago.
For the full year, sales was SEK 3,190.09 million compared to SEK 2,615.5 million a year ago. Revenue was SEK 3,193.63 million compared to SEK 2,625.57 million a year ago. Net income was SEK 5.04 million compared to SEK 20.08 million a year ago. Basic earnings per share from continuing operations was SEK 0.17 compared to SEK 0.69 a year ago. Diluted earnings per share from continuing operations was SEK 0.17 compared to SEK 0.68 a year ago.
Haypp Group AB (publ) is a Sweden-based holding company that holds shares in companies with operations in e-commerce with nicotine products. The Group is active in e-commerce with nicotine products, primarily nicotine pouches and snus. The Groupâs purpose is to provide healthier alternatives to the tobacco industry by selling nicotine pouches and snus. Its operations are conducted in both Europe and the United States through the e-commerce stores. Products are purchased from external suppliers and stocked before sale to consumers. Haypp Group has two operational segments, the Core Markets, which consists of the Swedish and the Norwegian markets, as well as the Growth Markets which includes Austria, Denmark, Finland, Germany, Switzerland, the United Kingdom and the United States.