Rusta AB (publ) (RUSTA) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Rusta's fourth quarter results. Today the presentation will be held by myself, Göran Westerberg, CEO of Rusta, and our excellent CFO, Sofie Malmunger, who will run you through the numbers. As usual, we have a quite simple agenda. I will go through a business update, telling you a little bit what's happened during the quarter and also the full year. And then we'll turn over to financial performance by Sofie and then we'll do a quick summary and open up for Q&A. As usual, we start the business update by having a look at the store network. We have at this time 225 stores operational in all our markets. During the last quarter, we opened up six new stores, which is more than the same quarter last year. We opened up one in Norway, taking us up to a total of 53 on that market, and a whole of five new stores in our home market of Sweden, taking the total up to 120. Now, the continuation of the positive development of the software rental market is continuing. So as we have seen for a number of quarters now, we have again reached an all-time high in the store pipeline. The total number of signed and ready stores is now up to 47. Last time we reported 44. So in spite of us having opened six of the stores in the pipeline, we have added another nine. Looking at the guidance, we have guided the market to the span between 50 to 80 stores in the coming three years. Now seeing that the inflow of new locations is continuing at this speed and that we're also getting close to the lower end of this span, we're now guiding the market to the upper half of this spectrum. So we believe now that it's likely that we will end up somewhere between 65 to 80 stores in the coming three years. Having a look at the numbers of the last quarter of the ye...