Q4 2026 Matas A/S Earnings Call Transcript
Key Points
- Matas AS (STU:1MTA) delivered a revenue growth of 4.7%, reaching the highest revenue in the group's history at DKK8.8 billion.
- The company saw a significant improvement in free cash flow, turning from negative DKK2 million to positive DKK545 million.
- Matas AS (STU:1MTA) experienced strong growth in its online business, with a 13.8% increase, indicating robust digital capabilities.
- The company successfully launched 143 brands in Matas and 67 brands in KICKS, showcasing its ability to expand its product assortment.
- Matas AS (STU:1MTA) maintained a strong customer engagement with high satisfaction scores, supported by a membership club with 6 million members.
- The Swedish market faced significant challenges with intense competition and lower consumer confidence, impacting growth.
- Matas AS (STU:1MTA) experienced a decline in gross margin by 1% due to competitive pressures and currency effects.
- The company is slightly behind its long-term growth target, with a CAGR of 5.8% compared to the goal of higher than 6%.
- There is uncertainty in the macroeconomic environment, affecting the company's ability to predict future market growth.
- The company reported a higher gearing ratio of 3.3, above its preferred range, due to lower-than-expected income and increased working capital.
Welcome to the Matas Group Annual Report for 2025, '26. Today's call is being recorded. If you have any objections, please disconnect at this time. (Operator Instructions)
I will now hand the call to your speakers, Group CEO, Mette Uglebjerg and Group CFO, Per Johannesen Madsen. Mette, you may now begin.
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Thank you very much. Good morning, everyone, and thank you for joining us today. I'm Mette Uglebjerg and this is my first quarter and my first presentation for the full year as CEO for Matas Group. I joined the group in mid-April. And over the last month, I spent focused on getting closer to the business.
And it's been a very intense, but also a very inspiring first four weeks. And I'm generally impressed by the strength of the business, but also the opportunities that lies ahead of us.
Today, I'll start by sharing some of my early observations and some key priorities. And then Per will set the scene with -- or I'll set the scene with some of
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