Europe Returns to Growth
Europe returned to growth for the first time since Q1 of 2024 with a 0.6% year-on-year increase in net revenue, totaling SEK 643 million.
Successful Cost Optimization Program
The cost optimization program was concluded a quarter early, achieving maximum savings.
Strong MENA and APAC Growth
MENA and APAC regions showed solid growth, with key franchises growing by more than 18% and achieving a 57% adjusted EBITDAC margin.
Improved Profitability in North America
Despite a revenue decline, North America saw an increase in adjusted EBITDAC to SEK 36 million, a 15% margin, turning it into a net positive contributor.
Increased Adjusted EBITDAC
Adjusted EBITDAC rose from SEK 385 million to SEK 436 million, marking a 13 percentage point increase year-over-year.
Improved Gross Margin
Gross margin improved from 80% to 83% year-over-year, aided by the Web shop rollout.