Q4 2024 Qliro AB Earnings Call Transcript

Feb 11, 2025 / 09:00 AM GMT

Release Date Price: €2.24 (+2.68%)

Transcript

Key Points

Positve

Qliro AB (OSTO:QLIRO) reported a strong growth in connected merchants, with more than 200% growth in Q4 compared to the previous year.
The company has successfully launched a sales office in Norway, exceeding expectations, and plans to launch in Finland in the first half of the year.
Qliro AB's new checkout solution, launched in 2024, has shown leading conversion rates, outperforming local competitors.
The company has a scalable business model with high marginal return on capital, making it attractive for growth and expansion.
Qliro AB has signed new agreements expected to drive an additional 35% in total payments volume going forward compared to 2024.

Negative

Operating profit decreased by 10 million to 14.8 million in Q4, primarily due to expansion and growth initiatives.
Interest income was impacted by changes in the base rate, affecting revenue faster than costs could be adjusted.
Operating expenses grew by 13.9 million due to investments in sales, marketing, and higher depreciation.
The company's pay later volume decreased by 5%, influenced by stricter credit models and underwriting.
Fixed costs increased by 17% year-over-year, partly due to startup costs for new market launches in Norway and Finland.

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

QLIRO.ST - Qliro AB
Q4 2024 Qliro AB Earnings Call
Feb 11, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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During the questions and answer session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to CEO Christopher Rutgerson and interim CFO Mikhail Rahm.

Please go ahead.

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Unidentified_2 [2]
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Hi everyone and welcome to Cleo's Q4 presentation. I'm Christopher Ruth Kehoen, CEO of the company, and with me today, I also have Miro, our CFO.

So, the agenda for today, I will give a quick strategic update on the business. We do a summary of the Q4 and the year-end report, talk a bit about the

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