Haypp Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 15, 2023 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, 2022. For the fourth quarter, the company reported sales was SEK 704.14 million compared to SEK 594.26 million a year ago. Revenue was SEK 705.16 million compared to SEK 601.81 million a year ago. Net income was SEK 4.88 million compared to net loss of SEK 12.68 million a year ago. Basic earnings per share from continuing operations was SEK 0.17 compared to basic loss per share from continuing operations of SEK 0.45 a year ago. Diluted earnings per share from continuing operations was SEK 0.17 compared to diluted loss per share from continuing operations of SEK 0.45 a year ago.
For the full year, sales was SEK 2,615.5 million compared to SEK 2,277.1 million a year ago. Revenue was SEK 2,625.51 million compared to SEK 2,286.96 million a year ago. Net income was SEK 20.08 million compared to net loss of SEK 27.63 million a year ago. Basic earnings per share from continuing operations was SEK 0.69 compared to basic loss per share from continuing operations of SEK 1.19 a year ago. Diluted earnings per share from continuing operations was SEK 0.68 compared to diluted loss per share from continuing operations of SEK 1.19 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.