Hemnet Group AB (OTCPK:HMNTY)

Q2 2025 Hemnet Group AB (publ) Earnings Call Transcript

Jul 18, 2025 / 08:00AM GMT

Release Date Price: $31.94 (+7.20%)

Transcript

Key Points

Positve

Hemnet Group AB (HMNTY) reported a strong net sales growth of 19.4% year-on-year, despite a challenging property market.
The company's average revenue per listing (ARPL) increased by nearly 35%, driven by high demand for value-added services.
EBITDA grew by 20.7%, resulting in an EBITDA margin of 54%, showcasing strong profitability.
The launch of Hemnet Max has positively impacted conversion rates to higher-tier packages, contributing to ARPL growth.
Hemnet Group AB (HMNTY) maintains a dominant market position, with 89% of all property sales in Sweden being advertised on their platform in 2024.

Negative

The number of published listings decreased by 9.3% compared to the previous year, reflecting a softer property market.
The Swedish property market is facing challenges due to macroeconomic uncertainty, high supply, and long listing times.
Advertising revenues from other advertisers declined by 10%, indicating a weaker display advertising market.
The company faces competition in the pre-market segment, with some competitors potentially outperforming in new listings.
There is uncertainty regarding the impact of longer listing times and high inventory levels on future market dynamics.

Operator

Welcome to Hemnet's Q2 2025 conference call. (Operator Instructions)

Now I will hand the conference over to the speakers. Please go ahead.

Jonas Gustafsson;publ;Chief Executive Officer

Hemnet Group AB

()-

Good morning, everyone, and a warm welcome to this 2025 Q2 release call for Hemnet Group. My name is Jonas Gustafsson, and I'm the Group CEO of Hemnet. With me here on my side today at our headquarters in Stockholm, I have our Chief Financial Officer, Anders Ornulf; and our Head of Investor Relations, Ludvig Segelmark. As always, we will go through the presentation that was published on our website this morning during today's session. I will kick it off with a summary of the main highlights during the second quarter.

Thereafter, Anders Ornulf will cover the financial details before I will come back in the end to wrap this midyear session up. As always, there will be opportunities to ask questions at the end of the presentation. Today's session will be moderated by our operator, so please follow the operator's

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