Half Year 2025 ABOUT YOU Holding SE Earnings Call Transcript
Key Points
- Revenue increased by 2.4% in Q2, with strong growth in the DACH region at 8.6%, driven by brand campaigns like ABOUT YOU Fashion Week.
- Average order value for commerce increased to EUR58.8 over the last 12 months, indicating improved customer spending.
- Adjusted EBITDA improved by more than EUR10 million year-on-year, with a significant uplift in gross margin and reduced administrative and fulfillment costs.
- SCYALE business unit reported over 20% ARR growth, maintaining high profitability levels and expanding its international client base.
- The company raised its adjusted EBITDA guidance to EUR15 million to EUR35 million for FY24-25, reflecting strong year-to-date performance and anticipated growth acceleration.
- Overall group revenue growth was modest at 2.4%, with the Rest of Europe segment showing only a 0.2% increase year-on-year.
- The active customer base declined slightly by 1.4% year-on-year, although there was a return to growth quarter-over-quarter.
- Revenue in the TME segment declined by 1.5% in Q2, with mixed performance across different divisions.
- Marketing costs increased by 210 basis points to 11.1% in Q2, driven by events and new brand initiatives, impacting profitability.
- The company faces potential revenue recognition effects from its new marketplace model, which could affect reported growth figures.
Good morning, everyone, and welcome to our Q2 2024-2025 results presentation. Today's conference call will be hosted by Hannes Wiese, Co-Founder and Co-CEO of ABOUT YOU. Hannes will walk you through our Q2 results in just a second. The corresponding slides to his presentation have been published on our IR website under the Publications section this morning. After his presentation, Hannes will be happy to answer your questions.
And with this, I hand it over to you, Hannes.
Thanks, Frank, and good morning to everyone also from my side. Today as usual, we're focusing on the following topics. For business update, followed by our Q2 financials, the outlook section, and we'll close this call with Q&A.
I'd now like to jump into our business update starting on page 4 with the key takeaways of the second quarter '24-'25. Revenue increased
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