Boozt AB (publ) (BOOZT) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.078 Welcome to the Boost Q2 2025 report presentation. 00:00:04.078 -- 00:00:08.226 For the first part of the presentation, participants will be in listen-only mode. 00:00:08.226 -- 00:00:12.754 During the questions and answers session, participants are able to ask questions by dialing 00:00:12.754 -- 00:00:18.043 pound key 5 on their telephone keypad. Now I will hand the conference over to CEO 00:00:18.043 -- 00:00:23.469 Herman Haraldson and CFO Sandra Gad. Please go ahead. 00:00:23.622 -- 00:00:29.536 Thank you and good morning all and welcome to our Q2 2025 00:00:29.536 -- 00:00:33.565 call. Let's turn to the first slide. 00:00:33.565 -- 00:00:39.875 I think it's fair to say that the first half of the year has been challenging 00:00:40.227 -- 00:00:42.229 to quite difficult 00:00:42.229 -- 00:00:47.794 market. Despite this, our revenue for the first six months was slightly positive 00:00:47.794 -- 00:00:52.918 in local currency. While this is below our long-term ambitions, 00:00:52.918 -- 00:00:58.543 we are satisfied with the performance given the strong consumer headwinds, particularly 00:00:58.543 -- 00:01:01.163 in Denmark. 00:01:01.665 -- 00:01:07.671 Looking at Q2, it was flat in local currency, but with a 3% currency headwind, 00:01:07.671 -- 00:01:12.800 our reported revenue decline by 3% to 1.8 00:01:12.800 -- 00:01:18.470 billion sec. This is broadly in line with what we anticipated when 00:01:18.470 -- 00:01:23.599 we updated our guides in April with the variation that May was significantly worse 00:01:23.599 -- 00:01:30.187 than we expected and June was stronger than anticipated. 00:01:30.532 -- 00:01:35.819 In the quarter, Boosled continued its strong performance with revenue growing by 14% 00:01:35.819 -- 00:01:37.442 ...