BHG Group AB (publ) (BHG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to BHG Q3 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 Flem. Please go ahead. Hi and welcome. My name is Gustav Horn, CEO of BSG. I'm here together with Jasper Flemme, CFO, to present our Q3 report. We will also be available after the presentation to do our best to answer your questions. Slide two, please. I'm happy to present another strong quarter from BSG. Double-digit growth for the first time in a long time and a step up in profitability improvement. Really pleased to summarize that we have delivered on what we set out to do. We have taken market share in a strengthening market, maintained our cost levels, and managed to leverage our fixed cost into profitability improvement, continued to improve customer satisfaction, Slide three, please. For the fourth consecutive quarter, we continue to show organic growth this quarter with a significant step up in growth levels, delivering a 13% organic growth and a double-digit growth in all three business units. We are confident that we with this has taken market share during the quarter. We also report significantly improved profitability in the quarter. This quarter reporting 92 million SEC in earnings, which corresponds to a 76% improvement versus previous year. The improvement in earnings comes primarily from top line growth in combination with direct selling costs and SG&A well in control, creating leverage for top line and improving profitability and demonstrating the scalability of our model. We report a strong positive cash flow of 52 million SEK followin...