Q1 2026 Vend Marketplaces ASA Earnings Call Transcript
Key Points
- Group revenues increased by 2% to NOK1,543 million, with a 36% improvement in EBITDA to NOK563 million.
- Real estate vertical showed strong performance with ARPA growth driving revenue and profitability.
- Recommerce vertical demonstrated encouraging progress with strong transactional growth and improved unit economics.
- The company completed the sales of Mittanbud and Lendo, and received proceeds from Adevinta Spain.
- A new NOK4 billion share buyback program was announced, reflecting strong capital management.
- Mobility segment in Sweden faced challenges due to platform migration stabilization, impacting growth.
- Denmark's professional ARPA growth was offset by volume declines, affecting overall performance.
- Mobility revenue growth is expected to be below the medium-term target of 12% to 17% for 2026.
- Lower engagement on the new platform compared to the old one remains a key focus area for improvement.
- The company experienced a net loss of NOK5.5 billion, partly due to a NOK5.8 billion financial expense related to Adevinta stake revaluation.
Good morning and thank you for joining our Q1 2026 results. My name is Jann-Boje and I'm heading Investor Relations at Vend. And you're probably aware that last week we shared a trading update for our Q1 results, including a revised mobility outlook for revenues for 2026, an updated cost outlook and preliminary figures for the first quarter.
With today's presentation, we will provide the full context for the quarter. And as usual, we have our CEO, Christian; and our CFO, PC here, who will walk you through the performance and the key highlights. Following the presentation, we will then have a Q&A session with financial analysts through Microsoft Teams.
And before I hand over to Christian, let me just quickly show you also our disclaimer slide. And with this, Christian, the floor is yours.
Thank you so much, Jann-Boje. And good morning, everyone. In our annual report, I
| 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
