Professional
Added to YB: 2025-07-07
Pitch date: 2025-07-01
HAYPP.ST [neutral]
Haypp Group AB (publ)
+1.81%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Haypp Group AB (publ) operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.
Market Cap
SEK 4.5B
Pitch Price
SEK 143.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.58
P/E
63.97
EV/Sales
1.23
Sector
Specialty Retail
Category
growth
Night Watch Investment Management Portfolio Holding: Haypp Group AB
HAYPP.ST (holding update): Dominant e-commerce platform for nicotine pouches (Zyn). Moat from ad restrictions making competitors unable to buy market share. 18-25% organic growth target with 4-7% EBIT margin. Valuable insights product for suppliers is high-margin. Regulatory risk vs near-monopoly in fastest growing CPG category. 10x 2026 EV/EBITDA.
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