BHG Group AB (publ) (BHG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to BHG Q2 Report 2025. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Gustav Orn and CFO Jesper Flemm. Please go ahead. Hi and welcome. My name is Gustav Horn, CEO of BHG. I'm here together with Jesper Flemme, CFO, to present our Q2 report. We will also be available after the presentation to do our best to answer your question. Slide two please. We are happy to present another solid and strong quarter for BHG. For the third consecutive quarter, we continue to show strong organic growth. For the second quarter of the year, we report 5% organic growth, bringing the year-to-date growth to approximately 7%. All three business units continue to show organic growth versus the previous year. Based on our available data points, we conclude that we have taken market share during the quarter. We also report significant improved profitability in the quarter, now with a seventh consecutive quarter of profitability improvements year on year. This quarter reporting 118 million SEC in earnings, which corresponds to a 19% improvement versus previous year. It should be noted that underlying profitability improvement is another 9 million SEC better if adjusted for the divested businesses of IP Agency this year and DesignCoop last year. The improvement in earnings comes primarily from top-line growth in combination with high efficiency in marketing cost and SG&A well in control. creating leverage from top line and improving profitability and demonstrating the scalability of our model. We report a strong cash flow of 363 million SEC following the normal seasonal patt...