Qliro AB (QLIRO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to CLIRO Q1 presentation 2026. 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 CEO Christopher Rutgersen. Please go ahead. Good morning, everyone, and welcome to our Q1 presentation for CLIRO. I'm Kristoffer Rutgersson, BDC CEO for the company for a couple of years. And today we walk through our strategic highlights, financial update, and a quick discussion on the outlook. And then we will open up for Q&A. So first of all, to share some strategic highlights for the quarter, we still see a big opportunity to build a new European leader in composable payments. And we are rapidly going in that direction. We are back to profitability in the first quarter this year after a couple of quarters or a few quarters of growth investments when we have expanded into new markets. And we're proud to be back in profitability according to plan. That is driven by our strong volume growth of 38% in total payments volume growth in the quarter. And we also see strong growth on our buy now pay later volume accelerating to 41% in the quarter. Our net revenue, what we previously called operating income, is growing at 19%, which is up from 14% in Q4. So we see an acceleration also on the net revenue level. And the growth is more and more driven by the SME segment, now representing more than 50% of the total payments volume growth in the quarter. We also see good success on our Nordic expansion, which is continuing with strong momentum in both Norway and Finland. So first of all, our vision is to build a European leader in composable payments. We believe the tech stack within the e-commerce is changing to more and more composable setup and we want to be the best ...