Stillfront Group AB (publ) (SF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to SILFRON's Q2 presentation. I am Alexis Pont and I'm joined by our CFO, Emilie Villatte, today. Before we go into financials, I will start by taking you through the key franchises of the quarter, including the progress that we've made and key developments. Looking at the second quarter, we continue to make progress in building a more focused and franchise-led storefront. Net revenue amounted to 1.323 billion SEC, corresponding to an organic decline of 1.3%. This means that organic growth remained broadly stable, despite a significantly lower level of user acquisition investments compared with the first quarter. Profitability strengthened clearly in the quarter. Jocity BigTac increased to 387 million SEC. That corresponds to a margin of 29%, which is up from 23% in Q1. This was mainly driven by the normalization of launch investments in BigPharm Homestead, as well as a broader reduction in user acquisition costs. We also saw continued double-digit growth in our key franchises, which grew organically by 10% in the quarter. This was the second consecutive quarter of double-digit organic growth in the key franchises. And this is a statement to our strategy to focus on our key franchises and the fact that that strategy is working. Finally, cash generation was strong. Free cash flow amounted to 519 million SEC in the quarter, supported by the underlying businesses as well as the upfront settlement with Gameberry. This strengthens our ability to continue reducing debt while investing selectively in our key franchises. I will now go through the franchise development in more detail, starting with Joe Walker. So, Joe Walker delivered a strong quarter and returned to double-digit organic growth. Net revenue amounted to S$223 million, corresponding to ...