Q4 2025 Matas A/S Earnings Call Transcript
Key Points
- Matas AS (FRA:1MTA) achieved a 7.2% growth rate for the year, indicating strong performance across all markets and channels.
- The company maintained its EBITDA margin from the previous year, demonstrating stable profitability.
- Matas AS (FRA:1MTA) reported a significant 24.3% growth in online sales, excluding Skincity, highlighting the strength of its e-commerce strategy.
- The successful opening of the Matas Logistics Center ahead of schedule contributed positively to operational efficiency.
- The company achieved a market share gain with a 7% year-over-year growth, reflecting effective execution of its Nordic strategy.
- The gross margin dropped compared to the previous year, partly due to increased price sensitivity among consumers and the delisting of in-house brands.
- The closure of Skincity impacted margins negatively, as it was a high gross margin business despite being loss-making.
- The company experienced a softer Q4 than expected, affecting overall financial performance.
- There is increased uncertainty in the market, particularly in Sweden, where consumer confidence appears more volatile.
- The company's guidance reflects the absence of Skincity sales, which accounted for DKK 80 million in the past financial year, impacting future revenue comparisons.
Welcome to Matas A/S financial report for the full year of 2024. (Operator Instructions)
Today's call is being recorded. I would like to Gregers Wedell-Wedellsborg and Per Johannesen Madsen. Please begin.
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Thank you, operator. And welcome, everyone to the call covering our financial year. It's a landmark year for us, the first full year of being a Nordic group. It is also a landmark year because we have seen growth in all markets and all channels, and we have seen an improvement of earnings as well.
So today, I will start out by covering what is it that we have seen in the year, but also, what is it that we have seen in the fourth quarter and give you an update on the progress of our strategy. And then, I'll hand over to Pierre to cover the financial results in more details before we open up for Q&A.
So highlights for the year, we had a slightly softer Q4 than we had
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