Cettire Ltd (ASX:CTT)

Half Year 2025 Cettire Ltd Earnings Call Transcript

Feb 25, 2025 / 11:30 PM GMT

Release Date Price: A$1.18 (-2.08%)

Transcript

Key Points

Positve

Cettire Ltd (ASX:CTT) reported a 12% increase in sales revenue, showcasing growth despite a challenging market environment.
The company maintained a strong net cash position of approximately $101 million, with no debt, highlighting financial stability.
Customer base grew by 21%, with a significant 67% of revenue coming from repeat customers, indicating strong customer loyalty.
Cettire Ltd (ASX:CTT) achieved a record average order value of $821, reflecting increased customer spending.
The company successfully expanded its presence in emerging markets, with a 32% growth in gross revenue from these regions.

Negative

The global luxury goods market experienced a 2% decline, marking the first contraction in 15 years, impacting overall demand.
Delivered margin decreased by 18% year-on-year due to heightened promotional activity, affecting profitability.
Marketing spend was reduced, leading to a lower rate of new customer acquisition, which could impact future growth.
The company faced challenges with inventory imbalances, which affected supply and demand dynamics.
There is ongoing uncertainty in the global luxury market, with softening demand continuing to pose challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTT.AX - Cettire Ltd
Half Year 2025 Cettire Ltd Earnings Call
Feb 25, 2025 / 11:30PM GMT

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Presentation
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Unidentified_1 [1]
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25 of the odds call for Satire. My name's SAM Wells from NWR, and I'm pleased to have joining me today CEI's founder and Chief Executive Officer, Dan Mint, as well as Chief Financial Officer Tim Hume.

Both Dean and Tim will spend some time reviewing the results released to the ASX this morning, including some notable financial and operational highlights.

Following the comment, we will have some time for questions at the end of the call. Covering research analysts may raise their hand via Zoom should they wish to ask verbal questions of the management team.

And all other participants are able to submit written questions via the Q&A function at the bottom of your screen, and time permitting we'll get to those

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