Synergy CHC Corp. (SNYR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Faro Nordic QT 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to speakers CEO Henrik Karlberg and CFO Eric Donnemar. Please go ahead. Good morning, everybody. Thank you for your interest in Fair Nordic and welcome to our presentation on the results of the second quarter 2025. Looking at some highlights for the group during the quarter, we had stable sales and stable cash flows. Revenue amounting to $1.88 billion, slightly lower than last year. Cash flows from operating activities amounted to $262 million compared to $270 million last year. Gross profit declined by 4% to 177 million kronor compared to 185 last year. Gross margin was largely unchanged at 16.3% with higher gross margin in Germany and lower gross margin in the US. SG&A across the group decreased by 6%. All in all, we had an operating profit of minus 5 million kronor compared to minus 4 million last year. Net finance cost decreased by 26% during the quarter to 29 million SEK and net debt increased to 1,679,000,000. During the quarter, we took further steps toward profitability. I started as new CEO in mid-May, and during these months, I have traveled extensively throughout the organization to meet colleagues, partners, and customers in my new role. It's been very exciting. Revenue was stable despite continued uncertainty in the US and persistent stagnation in Germany. Operating profit was negative at 5 million SEC due to lower contribution from the US segment. This, however, was not primarily because of softening market, but mainly due to our own measures to improve...