Rugvista Group AB (publ) (RUG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to our Q2 2026 earnings call. My name is Ebba Ljungrur and I'm CEO of Valvista and I also have Joakim Tuvner with me who is our CFO. Before we kick this off, I would like to as per usual point out that the images in this presentation, they come from one of our fall campaigns. So this is a sneak peek that you're getting. The campaign is called Urban Reflections. and it has primarily handmade rugs in it. It's very beautiful. I think this one that you see in the image now is one of my favorites. It's a wool and viscose rug that I hope will be a top seller for us going forward. The structure is as we usually do it. So we start with a bit of a business update and then Joakim will go more into the numbers. And then of course we finish with a Q&A. So if we pop over to the business update. Very proud of this quarter, I have to say, double-digit organic growth and a lot tougher comparables than before. Net revenue was 174 million compared to 150.5 last year. That is a 15.6% growth and organic, it was almost the same, 15.8. And if we move over to the orders, they were 77,000 compared to 74,000 really last year. And if you look here, you can see that that represents 4.1% year-over-year growth. But we are facing quite tough comparables. If we look at the year before, it was 26.3% growth. And so we're happy with this, but I think it's worth pointing out that we are up against tougher comparables going forward as well when it comes to order growth. Moving over to new customers, almost 56,000 compared to 52,000 last year. So that's 11.2% up, which means that new customers in this quarter represented almost 75%. That's quite high. But as we have said before, this fluctuates over time. I would say it tends to be around 30%. So this is 30% reoccurring...