Synsam AB (SYNSAM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to Synström Group's Q&A session as we release the intro report for the first quarter 2025 this morning. My name is Frida Leim and I'm head of investment relations at Synström Group and the moderator of this Q&A. Today I'm joined by our CFO Per Hedblom and our CCO Jimmy Engström. Those of you watching this live, you can ask your question in the YouTube chat and we'll try to answer as many questions as possible. We have also our analysts from Citi joining us. I would like to hand over to Yang Yang from Citi. Welcome, Yang. Thanks. Hi, thank you. And thank you for hosting the call. I'm just going ahead and start with the first sort of big picture question. Would you be able to give us a roundup of what you're seeing in different markets that you operate in, any country in particular, that might have changed for the worse or for the better in terms of consumer health in Q1 and any change that you are anticipating for Q2? Thank you. Yeah, what we've seen is that the consumer sentiment is similar to what we've seen in the fourth quarter. But of course, the consumer confidence indexes in all countries basically has been impacted a little bit in a decline way, given the increased uncertainty in the world. And I want to flag Denmark specifically, because I saw in the press release you mentioned weaker consumer. Is it related to the consumer index that you just mentioned? Or is there any sort of further color that you can provide on a potential sequential deceleration? I mean, Denmark is a challenging market in general. And we are addressing that by improving our store market. footprint, not number of stores really, but larger stores. We have had historically too many smaller stores and we are expanding our store area. Copenhagen is a specific case where we al...