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An update from Humble Group AB ( (SE:HUMBLE) ) is now available.
Humble Group AB’s subsidiary, Grahns Konfektyr, is investing SEK 135 million to expand its production capacity by taking over a 15,000 square meter facility in Skövde. This strategic investment aims to double the production volume of soft confectionery products, particularly jelly, and is expected to generate SEK 300 million in additional sales and SEK 60 million in improved EBITDA annually. The expansion aligns with Humble’s strategy to increase its industrial platform’s capacity, responding to growing demand and enhancing profitability through economies of scale.
The most recent analyst rating on (SE:HUMBLE) stock is a Hold with a SEK8.50 price target. To see the full list of analyst forecasts on Humble Group AB stock, see the SE:HUMBLE Stock Forecast page.
More about Humble Group AB
Humble Group AB is a corporate group that specializes in driving value and accelerating growth in small and medium-sized companies within the fast-moving consumer goods (FMCG) sector. The company focuses on transforming its businesses to align with future consumer needs through an entrepreneurial approach and active ownership. Humble Group manages a portfolio of brands, a global distribution network, and production facilities, providing strategic guidance and support while its subsidiaries operate autonomously. The group is headquartered in Stockholm and is listed on Nasdaq Stockholm Mid Cap under the ticker HUMBLE.
Average Trading Volume: 533,212
Technical Sentiment Signal: Sell
Current Market Cap: SEK3.71B
For a thorough assessment of HUMBLE stock, go to TipRanks’ Stock Analysis page.