Nelly Group AB (FRA:CD20)

Q3 2025 Nelly Group AB (publ) Earnings Call Transcript

Oct 23, 2025 / 07:00 AM GMT

Release Date Price: €9.11 (+14.02%)

Transcript

Key Points

Positve

Nelly Group AB (FRA:CD20) reported a strong third quarter with net revenue growth of 18.4% to 283.7 million crowns.
Operating margin increased to 15.3% from 10.5% in the same period last year, showcasing improved profitability.
The company achieved a significant increase in its own brand share to 62.2% compared to 45.2% last year, contributing to a higher gross margin.
Nelly Group AB saw a 20.2% rise in the number of orders and a 9.9% increase in online traffic, indicating strong customer engagement.
The company successfully reduced its marketing costs as a proportion of net revenue to 9.4% from 9.9%, reflecting improved marketing efficiency.

Negative

The average order value in the Nordics decreased by 8.1%, driven by lower average item value and fewer ordered items.
Currency fluctuations, particularly the depreciation of the Norwegian crown, negatively impacted the growth rate.
Despite strong growth, the company faces challenges in maintaining sufficient supply of high-demand products, as seen with the green puffer jacket.
Expansion into new markets like Germany is acknowledged as a long-term effort with inherent challenges, including high return rates.
The US market is not a current focus due to its complexity and the company's prioritization of European markets, potentially limiting growth opportunities.

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

NELLY.ST - Nelly Group AB (publ)
Q3 2025 Nelly Group AB (publ) Earnings Call
Oct 23, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Nellie Group Third quarter Report 2025.

Today I am pleased to present CEO Helena Kallander Ostlund and CFO Nicholas Lyngblum.

After the presentation, there will be a question-and-answer session.

Participants are able to ask questions in written form on the audio cast page.

Now I will hand over to Helena Kallander Ostlund. Please go ahead.

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Unidentified_2 [2]
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Thank you very much. Good morning and welcome to the results presentation for Nelly Group for the 3rd quarter of 2025.

My name is

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