Synsam AB (SYNSAM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to Synsign Group's Q&A session as released the interim report for the second quarter 2025 this morning. My name is Frida Leim and I'm Head of Investor Relations at Synsign Group and the moderator of this Q&A today. I'm joined by our CFO Per Hedblom and our CCO Jimmie Engström. Those of you watching this live you can ask your question in the chat and we'll try to answer as many questions as possible during this session. We have an analyst from Citi joining us. I would like to hand over to Yang Yang. Hi, everyone. And thanks for having me on the call today. You know how I always start these questions. I would just like to, just to begin with, getting your latest thinking about the market that you guys are in. Is there any particular countries that you would like to flap? Good morning. Yes, what we have seen regarding the consumer confidence is that also the second quarter remained relatively weak as the previous quarters. But we have seen a slight uptick now during the summer. Whether that is sort of lasting or not is still to be seen. But the second quarter was weak and similar levels than that Q1 and Q4. And when you think of the uptake that you just mentioned, is it broad-based in all of your countries? Is there any one country that is standing out? No, I mean, the overall consumer sentiment is similar, where we have seen an uptick in when we read the statistics, the public statistics, that it's Sweden and Norway and Finland, where Denmark maybe is a bit hesitant. But we will see where this will take us during the fall. Okay, and now I'm going into the different countries, and let's start where we just spoke about. So let's start with Sweden. Very good growth in the quarter. Is there anything that, looking forward, we should be concerned about or we...