Pierce Group AB (publ) (PIERCE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speaker, CEO Joran Dahlin. Please go ahead. Thank you. Good morning, everyone, and welcome to this Q1 2025 interim report presentation. My name is Joran Dahlin. I'm CEO of Peers, and thank you for joining me today. So here's today's agenda. I'll start with a brief overview of PEARS, followed by a financial update for the first quarter. Then I'll share some thoughts on the road ahead before we open up for Q&A. For those of you less familiar with us, PEARS is a leading European e-commerce platform for motorcycle gear, parts and accessories. The total addressable market was estimated at around 100 billion SEC in 2021. Although it's slightly contracted since COVID, it remains substantial and critically, it's still largely offline and fragmented. Peers is the leading e-commerce player in Europe. We're not just a retailer, we're a specialist. Our assortment is uniquely attractive, combining the strongest brands on the market with a leading portfolio of private labels. We are the number one player in off-road category and one of the top in on-road. And we're a truly pan-European company in the market. We operate localized website in 16 markets and serve them more than a million customers each year. To the right, you can see some basic information about us. Two thirds of the sales are outside Nordics, almost two thirds is off-road, one third is on-road and 5% is other, which is primarily sled store. Parts and accessories make up each 20% of the sales and a little more than half of the sales is gear. And our own brand share is approximately 40%. The market we operate in is... It's a diverse product lan...