May 06, 2025 / 07:00AM GMT
Operator
Haypp Group FY 2025. (Operator Instructions)
Now I will hand the conference over to CEO, Gavin O'Dowd; and CFO, Peter Deli. Please go ahead.
Gavin O Dowd - Haypp Group AB(publ)-Chief Executive Officer
Good morning everyone and welcome to our Q1 2025 conference call. Our CFO, Peter Deli, and I, Gavin O'Dowd, will take you through the results.
Starting with slide 4, I would like to focus on three key aspects of our operational highlights and market conditions.
Beginning first with our nicotine patch, Q1 volume year on year growth of 35% on a like for like basis. The reported growth of 10% is adjusted for spended states, predominantly California, and the larger effect of the US in shortage in the quarter.
I would also like to draw your attention to the material increase in our gross margin. Our business philosophy is built around sharing our economies of scale with our consumers in the form of superior convenience and best value. And despite aggressively moving forward in both areas, Hype was
Q1 2025 Haypp Group AB (publ) Earnings Call Transcript
May 06, 2025
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