Sweden · Delayed Price · Currency is SEK Pierce Group AB Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw adjusted EBIT rise to SEK 30 million and revenue grow 3% year-over-year, with gross margin up to 43.5%. Transformation and expansion initiatives are underway, supported by a strong cash position and efficiency gains, positioning the company for continued growth.
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Q3 2025 saw 17% year-on-year revenue growth, improved efficiency, and a strong cash position, despite a lower gross margin due to obsolescence and transformation costs. The company is advancing its IT transformation and expanding into new markets and verticals.
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Record Q2 sales with 15% revenue growth year-over-year and strong profitability gains, driven by improved product availability and performance marketing. Transformation investments and AI initiatives are underway, with further operating leverage expected from 2026.
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Q1 2025 saw 13% revenue growth and a strong March, but gross margin fell to 42.6% and adjusted EBIT was SEK -11 million due to transformation costs and FX. Inventory and cash remain strong, with ongoing investments in tech and Private Label launches planned.
Fiscal Year 2024
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Returned to profit in Q4 with SEK 1 million adjusted EBIT and 6% LTM revenue growth, driven by transformation initiatives and strong performance outside the Nordics. Gross margin declined as focus shifted to absolute profit and customer base growth amid ongoing market uncertainty.
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Gross margin and EBIT improved year-over-year, supported by cost efficiencies and a strong cash position. The company expanded its assortment and launched a successful loyalty program, but faces ongoing uncertainty from weak consumer sentiment and geopolitical risks.
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Q2 2024 saw 3% revenue growth and a two-point margin improvement year-over-year, with adjusted EBIT rising to SEK 17 million. The company maintains a strong cash position and continues its transformation, while market outlook remains uncertain due to geopolitical and economic factors.