Synsam AB (SYNSAM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to Synsam Group's Q&A session as we release the year-end report for 2025 this morning. My name is Frida Leim and I'm Head of Western Relations at Synsam Group and the moderator of this Q&A. Today I'm joined by our CFO Per Hedblom and our COO Jim Engström. Those of you watching this live, you can ask your question in the chat, and we will try to answer as many questions as possible. We have our analyst from Citi joining us. I would like to welcome and hand over to Yang Yang from Citi. Hi, Yang, and welcome with your questions. Hi, Frida, and hi, everyone. Thanks for having me on again for the question. So I guess I'll start with the outlook for the year. I know you don't provide guidance for the fiscal year as always, but can you talk about the market conditions and trading trends that you have seen in the first one and a half months of 2026 and any expectations for the rest of the year relative to your midterm outlook? Well, the conditions are quite similar as we've seen so far compared to Q4. No major changes actually. But I can say we hope for improved consumer confidence during the year, but that's a hope. I mean, we have our financial goals and these are the ones we go for. Thank you. And I want to focus on Denmark for a second, actually. The region dipped back into the negative territory in Q4, following a positive Q3. And I know that there's a a lot of volatility still around the whole credit legislation change but I want to ask what is your expectation for 2026 here specifically beyond the effect of having an easy comms and more specifically do you expect since I'm in Denmark to already deliver growth in line with the market or maybe around 3 percent already on a calm adjusted basis. Thanks. Well, we cannot provide guidance or expectations, bu...