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

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WEBVTT 00:00:00.031 -- 00:00:05.519 During the questions and answers session, participants are able to ask questions by dialing 00:00:05.519 -- 00:00:10.085 pound key five on their telephone keypad. Now I will hand the conference over to the 00:00:10.085 -- 00:00:14.909 speaker, CEO Joran Dahlin. Please go ahead. 00:00:15.313 -- 00:00:21.582 Thank you. Good morning, everyone, and welcome to this Q1 2025 interim report presentation. 00:00:21.582 -- 00:00:28.188 My name is Joran Dahlin. I'm CEO of Peers, and thank you for joining me today. 00:00:31.655 -- 00:00:36.944 So here's today's agenda. I'll start with a brief overview of PEARS, 00:00:36.944 -- 00:00:39.488 followed by a financial update for the first quarter. 00:00:39.488 -- 00:00:45.776 Then I'll share some thoughts on the road ahead before we open up for Q&A. 00:00:47.402 -- 00:00:52.410 For those of you less familiar with us, PEARS is a leading European e-commerce platform 00:00:52.410 -- 00:00:55.955 for motorcycle gear, parts and accessories. 00:00:55.955 -- 00:01:02.381 The total addressable market was estimated at around 100 billion SEC in 2021. 00:01:02.464 -- 00:01:07.731 Although it's slightly contracted since COVID, it remains substantial and critically, 00:01:07.731 -- 00:01:11.794 it's still largely offline and fragmented. 00:01:11.797 -- 00:01:14.500 Peers is the leading e-commerce player in Europe. 00:01:14.500 -- 00:01:18.306 We're not just a retailer, we're a specialist. 00:01:18.306 -- 00:01:23.112 Our assortment is uniquely attractive, combining the strongest brands on the market with 00:01:23.112 -- 00:01:26.144 a leading portfolio of private labels. 00:01:26.144 -- 00:01:31.553 We are the number one player in off-road category and one of the top in on-road. 00:01:31.553 -- 00:01:34.698 And ...