Pierce Group AB (publ) (PIERCE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Peers Group's presentation of our Q1 results for 2026. I'm Jaron Dahlin, CEO of Peers Group, and I'm with Fredrik Kjellgren, our CFO. Thank you for joining us today. Today, we will begin with a brief recap of who we are and where we stand in the European market, followed by a summary or a recap of our transformation program, PIERS 2.0. Then we will go into a summary of our financial performance in the quarter, and then we will follow that with a look ahead to our outlook and growth drivers for the coming quarters, and we'll close with a Q&A session. So we are Europe's number one online destination for motorcycle gear and equipment. Pierce was literally founded in a garage in 2008 by two motocross enthusiasts. The company has been successful and growing for a long period and developed into European's leading e-commerce platform for motorcycle snowmobile year parts and accessories. Post-COVID, there was a tough period, but we are now back to growth and back to profitability. We operate the online stores 24MX, XLMoto and Sled Store. And 60% of our turnover is done with off-road riders, 35% with on-road riders and 5% with snowmobile riders. While on-road is 90% of the total market. That means that we have a very strong position in off-road, while we have a challenger position in on-road. We aim to grow in all our segments, but naturally the largest growth opportunity is in on-road. We operate locally adapted websites in 19 European countries, soon to be 28. And we turn over 1.8 billion SEK and we report 3.2% EBIT last 12 months, Q1 2026. We have approximately 280 employees spread over Stockholm, Stetson in Poland and Barcelona. And Peers is listed on NASDAQ since 2021. We have the broadest and most differentiated product assortment ...