Q1 2025 Hemnet Group AB (publ) Earnings Call Transcript
Key Points
- Hemnet Group AB (HMNTY) reported a strong start to 2025 with a 30% increase in net sales, driven by robust growth in the property sellers segment.
- The company's average revenue per listing (ARPL) grew by nearly 37%, indicating strong demand for value-added services.
- EBITDA increased by almost 32%, resulting in an EBITDA margin of 47.9%, showcasing effective operational leverage.
- The launch of Hemnet Max is expected to be a long-term growth driver, offering enhanced visibility and targeted communication for property sellers.
- Hemnet Group AB (HMNTY) maintains a strong market position in Sweden, with nearly 3 million unique weekly users and a high engagement rate per listing.
- There is macroeconomic uncertainty, particularly concerning interest rates, which could impact the housing market and Hemnet's operations.
- The company experienced a slight decrease in sessions per user during 2024, following a pattern seen across digital services post-pandemic.
- The B2B segment saw a negative growth of 3%, reflecting challenges in the display advertising environment due to reduced spending.
- Operating expenses, excluding commissions, showed a slower growth rate, which may impact future profitability if not managed effectively.
- The company anticipates continued cost increases due to necessary investments in product development and marketing to maintain its market position.
(audio in progress) to the Hemnet Q1 2025 report presentation. (Operator Instructions)
Now I will hand the conference over to the speakers: CEO, Jonas Gustafsson; CFO, Anders Ornulf; and IR, Ludvig Segelmark. Please go ahead.
Good morning, everyone, and a warm welcome to this 2025 Q1 release call for Hemnet Group. My name is Jonas Gustafsson, and I'm the Group CEO of Hemnet. With me here on my side at our headquarters in Stockholm, I have our Chief Financial Officer, Anders Ornulf ; and our Head of Investor Relations, Ludvig Segelmark.
As most of you know, I joined Hemnet in early February, so I've been around for roughly 2.5 months, which has been a very intense and rewarding period of time. During that period, I've had the opportunity and the privilege to meet quite a few of you on this call. And I very much look forward to meet the rest of you and find a good way of working together in the future.
With that said, let's kick this one off, and let's start with the agenda
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