XXL ASA (OSL:XXL)
kr 9.87 (0%) Market Cap: 863.85 Mil Enterprise Value: 4.10 Bil PE Ratio: 0 PB Ratio: 0.56 GF Score: 57/100

Q4 2024 XXL ASA Earnings Call Transcript

Feb 7, 2025 / 07:30 AM GMT
Release Date Price: kr12.25 (+5.62%)

Key Points

Positve
  • XXL ASA (STU:2XX0) reported positive sales development in Q4 2024, marking a sales recovery throughout the year.
  • The company experienced growth in key periods such as Black Week and Christmas, with strong execution both in stores and online.
  • E-commerce returned to growth, and the company gained market share in Sweden, outperforming the market by more than 3%.
  • The loyalty program, XXL rewards, saw significant growth, increasing from 3.4 million to over 4.3 million members.
  • The company achieved a 4.5% growth in January 2025, driven by a stronger commercial plan and increased conversion rates across all markets.
Negative
  • Operating revenue for Q4 2024 decreased by 1.8% compared to the same quarter last year, with a 10% decrease for the full year.
  • Finland remains a challenging market for XXL ASA (STU:2XX0), with reduced EBITDA in this region.
  • The company faced availability challenges due to record low inventory levels, impacting sales volumes.
  • There were significant non-recurring costs in Q4 2024, including expenses related to equity financing and a VAT dispute in Norway.
  • The liquidity reserves decreased by more than 400 million compared to the previous year, driven by a reduction in revolving credit facilities.


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

XXL.OL - XXL ASA
Q4 2024 XXL ASA Earnings Call
Feb 07, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the 4th quarter results presentation. My name is Toly Gertrude, and I have the pleasure of guiding you through today's presentation. Our CEO Freddy Sin and our CFO La Cse Christensen will take you to the presentation and then followed by a Q&A session.

And for media, there will be an opportunity to perform separate interviews after the presentation.

So please direct your request to our press contact.

So without further introductions, I turn the floor over to you, Freddy.

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Unidentified_2 [2]
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