Embellence Group AB (OSTO:EMBELL)
kr 34.4 +1.1 (+3.3%) Market Cap: 809.73 Mil Enterprise Value: 871.73 Mil PE Ratio: 12.88 PB Ratio: 1.49 GF Score: 84/100

Q4 2025 Embellence Group AB (publ) Earnings Call Transcript

Feb 18, 2026 / 09:00 AM GMT
Release Date Price: kr33.9 (-0.29%)

Key Points

Positve
  • Embellence Group AB (OSTO:EMBELL) improved its net results and cash flow, maintaining a strong financial position with a net debt to EBITDA ratio of 0.5 times.
  • The board proposed a dividend increase to 1.5 Swedish crowns per share, up from 1.25 Swedish crowns last year.
  • Borosta Petto delivered growth for the fourth consecutive quarter, with a 9% increase in Q4.
  • The D2C platform for brands like Papelia and Artscape showed strong early performance, with over 40% growth in Q4.
  • The company is focusing on strategic growth areas such as D2C, international sales, and the hospitality channel, which are expected to drive future growth.
Negative
  • The Coal and Sunn brand experienced a negative sales growth of 16%, partly due to currency impacts.
  • Voland Eco faced challenges with negative sales rates, particularly in the Italian and German retail markets.
  • Currency effects significantly impacted the company's financials, with a negative impact of 3 to 4% in the last three quarters of 2025.
  • The company is not satisfied with the commercial development of some brands, necessitating management changes and strategic shifts.
  • CapEx was higher than previously, due to underinvestment in past years, leading to a catch-up phase that will continue into 2026.


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

EMBELL.ST - Embellence Group AB (publ)
Q4 2025 Embellence Group AB (publ) Earnings Call
Feb 18, 2026 / 09:00AM GMT

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Presentation
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Local market needs and improve commercial effectiveness, which is an initiative that will continue for some of our brands.

All in all, these three initiatives, as well as the negative effects, have affected our EBITA margin by 0.7% points to 13.2%. During the quarter we have improved our net results, we have improved our cash flow, and we do have a strong financial position with a net debt in relation to EIDR 0.5 times, which has improved versus the past year, leading to the board proposing a dividend of 1.5 Swedish crowns per share, which is up from 1.25 Swedish crowns last year.

And it's just 51% of our net income, just slightly higher than our communicated targets of 30 to 50% in relation to our net
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