Pierce Group AB (publ) (PIERCE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Pierce Group Q3 Report 2025 presentation. 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 Yoran Dahlin, please go ahead. Good morning, everyone, and welcome to Peers Group's presentation on our third quarter results for 2025. I'm Göran Dahlin, CEO of Peers Group, and thank you for joining me today. Today, I'll begin with a brief recap of who we are and our position in the European market, followed by a summary of our financial performance in the quarter. Then I'll provide updates on our ongoing transformation and strategic initiatives before we look ahead to our outlook and growth drivers for the coming quarters. And we'll close with a Q&A session at the end. So for those of you less familiar with Peers, we are the leading European e-commerce platform for motorcycle gear, parts and accessories. And we're not just an e-tailer, we're a specialist with three stores, 24MX serving off-road riders, Excelmoto serving on-road riders and Sled Store serving snowmobile riders. 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 the off-road category and amongst the top in on-road, and we're proud to be a truly pan-European company in the market. We operate localized websites in 20 markets and serve more than a million customers each year. The total addressable market was estimated at around 100 billion SEK in 2021. Although it's likely contracted somewhat since then, it remains substantial and critically still largely offline and fragmented. And to the right, you can see some basic information about us. Two-thirds of the ...