Q1 2025 Qliro AB Earnings Call Transcript
Key Points
- Qliro AB (OSTO:QLIRO) reported a 39% growth in new volume signed with merchants, indicating strong market momentum.
- The SME segment's contribution to operating income increased significantly from 1% to 8%, driven by a 200% growth in the merchant base.
- Qliro AB's expansion into Norway and Finland is progressing well, with Norway expected to reach profitability soon.
- The company's composable payments strategy is leading to improved merchant conversion rates, with increases ranging from 4% to over 30%.
- Qliro AB's scalable model is expected to yield a lifetime value return on investment of 5 to 10 times from new contracts.
- Operating losses were reported at SEK 15.1 million, which is lower than the previous year but flat compared to the previous quarter.
- Credit losses increased by 11% year-over-year, despite improvements in underlying credit metrics.
- The pay later share declined to 41% from 48% last year, impacting the blended take rate, which fell by 14% to 3.1%.
- Fixed costs increased by 18% due to investments in expansion, impacting overall profitability.
- The enterprise back book contracts posed a headwind to growth, with a SEK 5 million impact on operating income.
Go ahead.
Thank you and hi everyone and welcome to our Q1 presentation for Qliro.
I'm Christoffer Rutgersson, CEO of the company, and with me today I'm very happy to also have our new CFO call again that's joining us from Investor. And, for today's agenda, I will walk through a quick strategic update and then hand over to call for Our kind of financial update to talk about the outlook and then come back to kind of a Q and A kind of at that.
So, regarding this strategic update, we'll still see a large opportunity to build a new European leader in what we call composable payments and to deliver awarding experience for merchants and their customer journey.
We see that that is now kind of making a mark in the Nordic market where we have accelerated momentum with more than 39% growth in New volume signed with merchants that are expected to go live on the platform during the year.
We see a significant contribution from our SME segment in relation to our operating income, which is now
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