Denmark · Delayed Price · Currency is DKK Matas Earnings Call Transcripts
Fiscal Year 2026
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Revenue hit a record DKK 8.8 billion with strong online and in-house brand growth, but gross margin declined due to fierce competition and FX impacts. Guidance for next year is cautious, with 2%-6% revenue growth and continued focus on operational efficiency and digital investments.
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Q3 saw record sales in Matas and continued cost discipline, but KICKS faced high-end segment declines and competitive pricing pressures. Guidance for full-year growth and margins is reaffirmed, with accelerated plans for assortment and digital expansion.
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Revenue and EBITDA margins improved year-over-year, with strong growth in Matas and underlying growth in KICKS after adjusting for one-offs. The group maintained its full-year guidance, citing stable market conditions and successful integration of digital and logistics platforms.
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Revenue grew 6% (4.7% currency-neutral) with 17% online growth and stable EBITDA margin, as integration and logistics investments drive operational efficiency. Guidance for revenue, margin, and CapEx is maintained despite FX headwinds and market volatility.
Fiscal Year 2025
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Revenue grew 7% year-over-year with EBITDA margin up to 14.5%, driven by strong e-commerce and successful integration of KICKS. Guidance for next year is 3%-7% revenue growth and improved margins, with increased capital returns to shareholders.
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Revenue grew 7.7% year-over-year with strong gains in both online and stores, and EBITDA margin improved to 17.6%. Membership surpassed six million, synergies and operational execution drove margin gains, and guidance for the year is reaffirmed.
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Revenue grew 6.8% year-over-year with stable EBITDA margin, driven by strong e-commerce and successful integration of KICKS and Matas. Guidance was raised for revenue growth, and logistics investments are on track for the holiday season. High-end beauty and new brand launches are fueling growth.
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Revenue grew 6.2% year-over-year with EBITDA margin improving to 15%, driven by strong online and Matas banner growth. Strategic investments in logistics and assortment expansion are on track, with guidance for revenue and margin maintained.