Nicoccino

Nicoccino Holding AB is a Swedish holding and operating group centered on Nicoccino-branded nicotine strip products and related intellectual property. The group includes Nicoccino AB in Stockholm and Nicoccino Ltd in London, and it operates with a small in-house organization supported by external service providers.

— Nicoccino
%
Nicotine strips85% Thin oral nicotine strips sold as a tobacco-free nicotine product.
Intellectual property licensing10% Patent and trademark rights used to support product commercialization and protection.
Manufacturing and related services5% Internal production activities and support services tied to product supply.

Nicoccino sells to consumers and channel partners that distribute nicotine-strip products in markets where tobacco-free...

  • Adult nicotine consumersprimary

    Buy nicotine strips for a tobacco-free oral nicotine experience.

  • Retail and distribution partnerssecondary

    Buy product inventory for resale through nicotine and convenience channels.

  • Licensing counterpartiessecondary

    Use or support the patented film technology and related IP.

  • Manufacturing and service providerssecondary

    Provide production, accounting, legal, and other outsourced support.

Nicoccino is headquartered in Sweden and reports a group structure with operations in Stockholm and London, plus...

  • •Sweden is the group base and reporting center
  • •Stockholm houses Nicoccino AB
  • •London is home to Nicoccino Ltd
  • •Gillinge is the production location
  • •Patent protection spans 55 countries

The company’s strategy is built around protecting and commercializing its nicotine-strip technology through patents,...

01
Protect and extend intellectual propertylong-term

Patent and trademark protection underpins product differentiation and market access.

02
Maintain production readinessshort-term

Reliable manufacturing is necessary to fulfill orders and support commercialization.

03
Support commercialization through partnershipsmedium-term

The business depends on suppliers, consultants, and commercial counterparties.

Nicoccino faces competition from larger nicotine-product companies and from alternative products under development,...

high

Intense competition in nicotine alternatives

Larger and better-funded competitors may launch substitute products or price aggressively.

Scope
Nicotine strips and related product sales
Materiality
high
high

Production and supplier disruption

The business relies on a functioning factory and external ingredient supply.

Scope
Gillinge production and input sourcing
Materiality
high
high

Liquidity and refinancing risk

The group depends on continued access to loans and lender support.

Scope
Working capital and going-concern flexibility
Materiality
high
medium

Small-organization key-person dependence

Operations rely on a limited number of employees and outsourced specialists.

Scope
Management, production, reporting, and legal support
Materiality
high
medium

Foreign exchange risk

Purchases are mainly in EUR and SEK while sales are largely in EUR.

Scope
Transaction and translation effects
Materiality
medium
Inventory valuation
Can reduce carrying value if demand or pricing weakens
IFRS 16
Lease accounting under IFRS 16
Changes reported assets, liabilities, and EBITDA-like measures
Foreign currency translation and transaction gains/losses
Affects operating profit, finance costs, and cash flow volatility
Impairment of intangible and fixed assets
Could trigger write-downs if expected cash generation falls

NISOURCE INC.

NI · Electric & Other Services Combined

nCino, Inc.

NCNO · Services-Prepackaged Software

NOCOPI TECHNOLOGIES INC/MD/

NNUP · Games, Toys & Children's Vehicles (No Dolls & Bicycles)

NIOCORP DEVELOPMENTS LTD

NB · Metal Mining

Lipocine Inc.

LPCN · Pharmaceutical Preparations

NIQ Global Intelligence plc

NIQ · Services-Computer Programming, Data Processing, Etc.

: 11/08/2026