Haypp Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 01:45 am EDT
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Haypp Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 631.94 million compared to SEK 543.6 million a year ago. Revenue was SEK 633.37 million compared to SEK 544.64 million a year ago. Net income was SEK 10.54 million compared to net loss of SEK 8.6 million a year ago. Basic earnings per share from continuing operations was SEK 0.36 compared to basic loss per share from continuing operations of SEK 0.41 a year ago. Diluted earnings per share from continuing operations was SEK 0.36 compared to diluted loss per share from continuing operations of SEK 0.41 a year ago.
For the six months, sales was SEK 1,275.5 million compared to SEK 1,098.46 million a year ago. Revenue was SEK 1,283.23 million compared to SEK 1,100.07 million a year ago. Net income was SEK 8.65 million compared to net loss of SEK 8.72 million a year ago. Basic earnings per share from continuing operations was SEK 0.3 compared to basic loss per share from continuing operations of SEK 0.42 a year ago. Diluted earnings per share from continuing operations was SEK 0.29 compared to diluted loss per share from continuing operations of SEK 0.42 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.