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

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Pierce Group Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.078 Good morning, everyone, and welcome to Peers Group's presentation of our Q1 00:00:05.078 -- 00:00:08.043 results for 2026. I'm 00:00:08.043 -- 00:00:13.050 Jaron Dahlin, CEO of Peers Group, and I'm with Fredrik Kjellgren, our CFO. 00:00:13.050 -- 00:00:16.051 Thank you for joining us today. 00:00:16.715 -- 00:00:21.763 Today, we will begin with a brief recap of who we are 00:00:21.763 -- 00:00:27.331 and where we stand in the European market, followed by a summary or a recap 00:00:27.331 -- 00:00:30.736 of our transformation program, PIERS 2.0. 00:00:30.736 -- 00:00:35.664 Then we will go into a summary of our financial performance in the quarter, and then 00:00:35.664 -- 00:00:37.186 we will 00:00:37.186 -- 00:00:41.432 follow that with a look ahead to our outlook and growth drivers for the coming quarters, 00:00:41.432 -- 00:00:45.175 and we'll close with a Q&A session. 00:00:45.659 -- 00:00:50.707 So we are Europe's number one online destination for motorcycle gear 00:00:50.707 -- 00:00:52.715 and equipment. 00:00:52.715 -- 00:00:58.083 Pierce was literally founded in a garage in 2008 00:00:58.083 -- 00:01:00.808 by two motocross enthusiasts. 00:01:00.808 -- 00:01:05.835 The company has been successful and growing for a long period 00:01:05.835 -- 00:01:09.561 and developed into European's 00:01:09.561 -- 00:01:14.569 leading e-commerce platform for motorcycle snowmobile year parts and accessories. 00:01:14.569 -- 00:01:19.757 Post-COVID, there was a tough period, but we are now back to growth and back to 00:01:19.757 -- 00:01:21.419 profitability. 00:01:21.419 -- 00:01:26.065 We operate the online stores 24MX, XLMoto and Sled Store. 00:01:26.065 -- 00:01:31.473 And 60% of our turnover is done with off-road riders, 35% with on-r...