Synsam AB (CHIX:SYNSAs)

Q1 2026 Synsam AB (publ) Earnings Call Transcript

May 8, 2026 / 08:30 AM GMT

Release Date Price: kr59.8

Transcript

Key Points

Positve

Synsam AB (FRA:9FZ) reported a strong development of net income, growing by more than 50% in the quarter.
The company achieved positive organic and like-for-like growth in all markets during the quarter.
Denmark showed very good performance, with positive growth regardless of technical aspects.
The lifestyle subscription program saw a customer base growth of 7.2%, nearing the medium-term goal of 7.5%.
Synsam AB (FRA:9FZ) is working on doubling the output of their factory in Nostesund, which is expected to increase profitability.

Negative

The company is facing a cautious consumer environment, partly due to the Middle East conflict.
Rising inflation has led to higher costs, impacting store openings in Finland, Norway, and Sweden.
Increased transportation costs, particularly for flight transports, have been noted, although the company does not hedge against such costs.
There is uncertainty about consumer sentiment and its impact on trading down to lower average selling prices.
The amortization of leasing debt increased in Q1, attributed to a temporary effect from an increase in the number of stores.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SYNSAM.ST - Synsam AB (publ)
Q1 2026 Synsam AB (publ) Earnings Call
May 08, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome everyone to SINSON Group's Q&A session as released the interim report for the first quarter 2026 this morning. My name is Frida Lem and I'm the Head of Installations at SINSON Group and the moderator of this Q&A today.

I'm joined by our CFO, Pariad Dom and our CCO, Yimi Engstrom.

Those of you watching this live, you're welcome to ask your question in the chat and we will try to answer as many questions as possible.

We have also our analyst from SIKTI joining us. I would like to welcome and hand over to Yang from SIKTI. Hi, Yang, and welcome with your questions.

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Unidentified_2 [2]
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