Q3 2025 Matas A/S Earnings Call Transcript
Key Points
- Matas AS (FRA:1MTA) reported a strong 7.7% growth, indicating market share gains and faster growth than the market across all channels and markets.
- The company achieved a 0.6 percentage point improvement in margins, with EBITDA growing faster than the top line.
- Matas AS (FRA:1MTA) successfully integrated KICKS, leading to healthy growth in both banners, with Matas growing almost 8% and KICKS 7.3%, excluding Skincity.
- The company crossed the milestone of 6 million members across the Nordics, with 150,000 new members recruited in the Christmas quarter alone.
- Matas AS (FRA:1MTA) completed its fully automated AutoStore installation in Lynge on time, on budget, and on scope, setting a strong platform for future growth.
- The winding down of Skincity negatively impacted performance, although the overall business still grew by almost 8%.
- The company is incurring double costs due to running both the new automated facility and the old manual facility in parallel during the transition period.
- There is a learning curve associated with achieving efficiencies from the new automated facilities, which may not be realized immediately.
- The gross margin improvement is partly due to timing effects and discretionary decisions, which may not be sustainable in the long term.
- The company faces challenges in managing inventory levels due to assortment expansion and the transition to new logistics setups.
At this time, I would like to welcome everyone to this Matas Interim Report for Q3 2024-'25. Today's call is being recorded. (Operator Instructions)
I would now like to introduce CEO, Gregers Wedell-Wedellsborg; and CFO, Per Johannesen Madsen. Gregers, you may now begin.
/- -
Thank you, operator. Welcome, everyone, to the call covering our biggest and most important quarter, the Christmas quarter, the Black Friday quarter. Before we get into the details, I just want to step back and say that when we joined forces with KICKS, the aspiration, the vision was to create a company that could do two things: one, to attract more customers, make customers more happy, be more competitive in the marketplace.
And second, create a stronger business with higher growth rates and continuous improvement of our margins. And this quarter is proof that that's what we're doing. We consider this quarter a double
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
