Vend Marketplaces Asa B (SBBTF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our Q4 results presentation. As usual, Christian, our CEO, and PC, our CFO, will walk us through the performance and key developments in the quarter. This time, we will also spend a bit of time on AI to share our perspective, and we know it's a topic which many of you are interested in. Afterwards, we will, as usual, have a Q&A session with financial analysts, which you can join by Microsoft Teams. So please go to the website and find the link. Let me then just show the disclaimer slide to go through. And then, Christian, the floor is yours. Thank you very much, Jan Boye, and good morning, everyone. Very happy to be here to present our Q4 results today. But I just quickly wanted to take a moment first to reflect on our 25 results as a whole. Because 2025 was a defining year for Vend. It was a year where we delivered on key strategic priorities and where we made good progress towards our financial targets. And a year where we fundamentally reshaped this company. Vend now is a much simplified marketplace company with a leaner cost base and with a sharp focus on our four Nordic verticals. And I'll come back to this in just a little bit. The results that we present for the fourth quarter today are strong. They demonstrate the resilience of our business and they come as a result of targeted efforts in line with our strategy. Group revenues remained rather stable at 1,510 million. This reflects, on one hand, anticipated headwinds, both in advertising and soft volumes in jobs. But at the same time, discipline focused on monetization, and ARPA was very strong, with 15 to 20 percent growth in several of our key segments. The growth in classifieds revenues combined then with the disciplined cost management delivered exceptional results in terms of p...