Q3 2025 Qliro AB Earnings Call Transcript
Key Points
- Qliro AB (OSTO:QLIRO) reported a 50% increase in total payments volume in Q3, up from 37% in Q2, indicating strong growth momentum.
- The company has seen a 90% growth in its Buy Now, Pay Later (BNPL) volumes, which are its most profitable products.
- Qliro AB (OSTO:QLIRO) has successfully launched in Norway and Finland, with over SEK 2 billion in total payments volume signed in new contracts.
- The company is on track to achieve profitability by Q1 2026, supported by organizational changes and cost-saving initiatives.
- Qliro AB (OSTO:QLIRO) has improved its credit underwriting, leading to a 40% reduction in debt collection rates for BNPL products.
- Despite strong volume growth, operating income growth was only 30% in the quarter, below previous expectations.
- The company experienced challenges with a reduced share of BNPL volumes during the spring, impacting income growth.
- Qliro AB (OSTO:QLIRO) faced increased variable costs due to scoring and identification costs for new consumers.
- There were organizational changes resulting in SEK 20 million in items affecting comparability in Q3, with more expected in Q4.
- The company is still dealing with some real pricing effects from its back book, which are expected to diminish in future quarters.
Great.
Welcome to Qliro Q3 presentation 2025. During the questions and answer session, participants are able to ask questions by dialing pound key on their telephone keypad. Now I will hand the conference over to CEO Christoffer Rutgersson. Please go ahead.
Great. Welcome to today's Q3 presentation for Qliro. I'm Christoffer Rutgersson, the CEO here since a bit more than three years. With me today. I also have our new CFO in the background. He was also only been here for a few days. I will run through the financials as well today. So the agenda for today, I will walk through, some of our strategic highlights as usual, and we jump into the financial update, talk a bit about the outlook, and then on and with some Q&A.
So, first of all, we still see a big opportunity to build a new European leader in composable payments starting in the Nordics where we want to achieve the kind of market leadership within the next few years. We're taking clear steps in that
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