Vend Marketplaces Asa B (SBBTF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our Q3 results presentation. My name is Jan Boye and I'm heading Investor Relations at Vend. And as usual, our CEO Christian and our CFO PC are here also with me to present the performance and highlights for the quarter. Following the presentation, we will also have a Q&A session by Microsoft Teams where analysts can connect. Let me then show you the disclaimer slide before I can over to Christian. Christian, please go ahead. Thank you Jan Boye, and good morning everyone. Very happy to be here to present our Q3 results. This was a quarter that really showed our progress towards becoming a pure play marketplace company. We advanced monetization across our verticals, we executed with discipline when it came to cost, and we also took further steps to simplify our company. And financially, group revenues ended at 1,595 million, and this represents a 1% year-on-year decline. Underneath the surface, however, the revenue development was positive for our verticals, driven by a solid ARPA growth. So this overall decline is then a result of several factors, reduction in the other HQ segment, the strategic decision to discontinue certain revenue streams in re-commerce and jobs, as well as a continued soft advertising area. Group EBTA increased by 24% to 640 million. And this was driven by reduced operating expenses across the group. And this is a reflection of lower personnel costs, also somewhat reduced marketing, and lower costs related to the phase-out of TSA agreements with Schiffsted Media. As I mentioned, we also continue to simplify the company. This is really to sharpen our execution. And during the quarter, we signed an agreement to sell Lendo, and we also started the sales process for delivery, together with also continued focus on exiting ...