Pierce Group AB (OSTO:PIERCE)

Q3 2025 Pierce Group AB (publ) Earnings Call Transcript

Nov 14, 2025 / 08:00 AM GMT

Release Date Price: kr11.7 (-2.50%)

Transcript

Key Points

Positve

Pierce Group AB (OSTO:PIERCE) reported strong growth of 70% year-on-year or 20% in local currency for Q3 2025.
The company has improved stock availability of external brands, contributing to solid demand throughout the quarter.
Pierce Group AB (OSTO:PIERCE) has enhanced operational efficiency, with sales per full-time employee up 67% over the last two years.
The company ended the quarter with a strong cash position of 161 million SEK.
Customer satisfaction has increased, maintaining a high level of 4.4, one of the highest in the industry in Europe.

Negative

Gross margin decreased to 40.1%, down 5.5% from the previous year, primarily due to obsolescence provisions and targeted price reductions.
Cash flow was negative, mainly due to a large VAT payment and temporary prepayments to secure stock.
Inventory levels remain elevated, which could pose a risk if demand does not meet expectations.
The company faces challenges with increased freight costs and expects continued volatility in freight rates.
Pierce Group AB (OSTO:PIERCE) is undergoing significant transformation costs related to IT system upgrades, impacting current profitability.

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

PIERCE.ST - Pierce Group AB (publ)
Q3 2025 Pierce Group AB (publ) Earnings Call
Nov 14, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to Peerce Group's presentation, our third quarter results for 2025. I'm Yanda Lin, CEO of Peerce Group, and thank you for joining me today.

Today, I'll begin with a brief recap of who we are and our position in the European market, followed by a summary of our financial performance in the quarter. Then I'll provide updates on our ongoing transformation and strategic initiatives before we look ahead to our outlook and growth drivers for the coming quarters.

And we'll close with a Q&A session at the end.

So for you, those of you less familiar with peers, we are the leading European e-commerce platform for motorcycle gear, parts and accessories.

And we're

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