Hemnet Group AB (HEM) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.097 Good morning everyone and a warm welcome to this 2026 Q1 release call for Hemnet 00:00:05.097 -- 00:00:09.481 Group. My name is Jonas Gustafsson and I'm the Group CEO of Hemnet. 00:00:09.481 -- 00:00:14.607 With me here on my side today at our headquarters in Stockholm, I have our Chief Financial 00:00:14.607 -- 00:00:20.373 Officer Anders Örnull and our Head of Investor Relations Ludvig Segelmark. 00:00:20.373 -- 00:00:24.838 As usual, we will go through the presentation that was published on our website earlier 00:00:24.838 -- 00:00:29.506 this morning during today's session. I will kick it off with a summary of the main highlights 00:00:29.506 -- 00:00:34.252 during the first quarter. Thereafter, under show notes, we'll cover the financial details 00:00:34.252 -- 00:00:38.277 before I will come back in the end to wrap up today's session. 00:00:38.277 -- 00:00:42.703 As always, there will be opportunities to ask questions at the end of the presentation. 00:00:42.703 -- 00:00:47.690 Today's session will be moderated by our operators, so please follow the operator's instructions 00:00:47.690 -- 00:00:50.914 to ask questions through the provided dial-in details. 00:00:50.914 -- 00:00:55.921 So with that, let's get started and let's move on to the next slide, please. 00:00:55.921 -- 00:01:01.090 Net sales declined by 24.7% in Q1, driven by weak listing 00:01:01.090 -- 00:01:06.338 volumes throughout the first quarter. Sales were also negatively impacted by a 00:01:06.338 -- 00:01:11.347 timing shift in revenue recognition related to the rollout in the new commercial proposition 00:01:11.347 -- 00:01:16.636 and payment model, sell first, pay later, in which we recognize revenues 00:01:16.636 -- 00:01:22.085 first when properties are s...