Humble Group's Growth Belongs To Future Snacking, But The Market Remains Skeptical

Summary

• Humble Group has grown rapidly in recent years, but weaker performance in the latest quarter has sent the stock down 24% YTD.
• While Future Snacking delivered 19% YoY growth, other segments like Quality Nutrition and Nordic Distribution faced declining margins or slower sales, signalling a mixed performance across the group.
• Future Snacking stands out with strong growth, innovative products, and high margins, making it Humble Group’s most promising segment moving forward.
• Humble’s growth has relied on acquisitions and leverage, and although its debt metrics are improving, slowing organic growth and dependence on continued innovation remain key risks.
• Humble Group still has long-term growth potential, especially in Future Snacking, but until broader performance stabilizes and sentiment improves, it remains a HOLD.

Liudmila Chernetska

Introduction

Humble group is a Swedish company that operates within the food industry. They develop and distribute different types of sugar and calorie reduced products. This article is about the ticker Humble Group (OTCPK:HMBAF), but the article

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