Q2 2025 Vend Marketplaces ASA Earnings Call Transcript
Key Points
- Vend Marketplaces ASA (SBBTF) achieved a 25% growth in EBITDA, reaching NOK583 million, primarily due to reduced operating expenses.
- The company has successfully increased revenue per ad across all verticals, indicating strong strategic momentum.
- Vend Marketplaces ASA (SBBTF) has returned approximately NOK6.2 billion to shareholders through dividends and share buybacks, demonstrating a commitment to shareholder value.
- The company is leveraging AI to enhance product offerings, such as improving ad quality and matching capabilities, which could drive future growth.
- The transition to a single technology platform is expected to free up capacity for innovation and expansion across multiple markets.
- Group revenues declined by 2% year-on-year, impacted by a reduction in the other/HQ segment and soft advertising revenues.
- Vend Marketplaces ASA (SBBTF) faced a NOK10 million violation penalty from the Financial Supervisory Authority of Norway due to inappropriate information sharing in pre-close calls.
- Advertising revenues continue to decline, particularly affecting the recommerce and mobility segments.
- The company anticipates potential declining volumes in the second half of the year, particularly in the real estate sector.
- Despite cost reductions, the full financial benefits of strategic measures, such as platform consolidation and divestments, will take time to materialize.
Good morning, and thank you for joining our Q2 results presentation here this morning. As usual in Oslo, our CEO, Christian; and our CFO, PC, are ready to present the financial performance and key developments in the quarter.
Following the presentation, we will have a Q&A session with the hard stop at 10:00, and analysts can as usual call in via Microsoft Teams.
And now, following the disclaimer slide, I will hand over the word to Christian to begin the presentation. So Christian, please go ahead.
Thank you so much, Jann-Boje, and good morning, everyone. Very happy to be here to present our results for the second quarter. And it was right after the Q1 presentation in early May that we officially changed our name to Vend. And this was a very important milestone symbolizing our transition to becoming a pure place -- a
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