Q4 2025 Haypp Group AB (publ) Earnings Afternoon Call Transcript
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Good morning to everybody in the US, and welcome to our Q4 2025 conference call. Our CFO, Peter Deli; and I, Gavin O'Dowd will take you through our results.
Starting on slide 4, I would like to focus on four key aspects of our operational highlights. Beginning first with our nicotine pouch Q4 volume year-over-year growth of 28%. The nicotine pouches now accounts for over two-thirds of our volume and strong acceleration in the US, supported by the return of Zyn, and strong acceleration in the UK were important drivers of the acceleration. Our Growth segment now accounts for over 40% of our nicotine pouch volumes.
Second point, net sales grew 19% and for the period at constant rates despite a continued decline in the traditional snus segment. Thirdly, gross margin percentage reached 17.4% for the quarter, the gross margin amount rose by 29% in 2025 versus 2024. And lastly, we completed our infrastructure overhaul in December and we can already see rapid degrees of features in January, which are
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