Q2 2025 Matas A/S Earnings Call Transcript
Key Points
- Matas AS (OCSE:MATAS) reported a 6.8% growth in Q2, slightly ahead of expectations, with stable EBITDA margins.
- The company experienced strong online growth, particularly with KKS online growing by 24%.
- Matas AS successfully launched several high-demand brands across four Nordic markets simultaneously, enhancing its market presence.
- Membership in Matas' loyalty programs is growing, with over 2 million members in Club Metis and 1 million in Kicks Norway.
- The new logistics center in Roas is fully operational, improving customer experience with better availability and faster delivery.
- The company faced a 10 million DKK OPEX overrun due to early inventory buildup and slower-than-expected efficiency gains at the Roas facility.
- Skin City, a part of the Kicks business, is experiencing a decline, impacting overall growth.
- There is a need for continued investment in pricing and marketing to improve price perception and gain market share.
- The integration of Skin City into the Kicks brand has led to a temporary negative growth impact.
- Higher OPEX was reported due to early inventory buildup for the Christmas season, affecting short-term financials.
At this time, I would like to welcome everyone to this matters interim report for H1 2024 25.
Today's call is being recorded. If you have any objections, please disconnect at this time.
All participants will be in a listen-only mode throughout the presentation and afterwards to the question and answer session.
I would now like to introduce CEO Gregers Wedell-Wedellsborg and Co Pero Henderson.
You may now begin.
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Thank you operator and welcome everyone to the call covering our first half and our second quarter of the financial year. We consider this quarter to be another proof point that our strategy is working, is being executed and is delivering results in line with our expectations.
We have a short agenda. I will comment on what's happened in the quarter, a bit on the numbers, but mostly on what's happened in the quarters, what's going on in the company
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