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Hernö Gin (HERNO) investor relations material
Hernö Gin Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Strategic shift to direct distribution to Systembolaget began July 1, ending partnership with Anora, expected to yield higher margins per bottle and smoother sales across quarters.
First half-year net sales reached 21.6 MSEK (29.1 MSEK), with Q2 at 10.6 MSEK (18.2 MSEK); pre-tax profit for H1 was 2.9 MSEK (7.4 MSEK), Q2 at 0.6 MSEK (6.2 MSEK).
Sales decline attributed to transition in distribution and lower consumer demand due to economic pressure and a cold spring.
Swedish gin market saw a 0.3% increase at Systembolaget, but company sales dropped 19% in H1 2025 after a strong 2024.
Export sales, especially in Denmark, were lower, but a new partnership in Spain was established.
Financial highlights
Q2 net sales: 10.6 MSEK (down from 18.2 MSEK YoY); H1 net sales: 21.6 MSEK (down from 29.1 MSEK YoY).
Q2 gin sales: 6.0 MSEK (14.2 MSEK YoY); H1 gin sales: 13.1 MSEK (21.5 MSEK YoY).
Q2 pre-tax profit: 0.6 MSEK (6.2 MSEK YoY); H1 pre-tax profit: 2.9 MSEK (7.4 MSEK YoY).
Q2 EBITDA: 0.5 MSEK (6.5 MSEK YoY); H1 EBITDA: 2.8 MSEK (8.2 MSEK YoY).
Q2 after-tax profit: 0.5 MSEK (4.9 MSEK YoY); H1 after-tax profit: 2.3 MSEK (5.9 MSEK YoY).
Outlook and guidance
Direct sales to Systembolaget expected to stabilize quarterly sales and improve margins.
Focus on brand-building, experiences, and digital marketing to drive long-term growth.
Export strategy emphasizes selective, profitable partnerships; new collaboration in Spain signals international growth ambitions.
Next Hernö Gin earnings date

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