Synsam AB (OSTO:SYNSAM)
kr 44.05 0.8 (1.85%) Market Cap: 6.51 Bil Enterprise Value: 9.24 Bil PE Ratio: 18.59 PB Ratio: 2.60 GF Score: 64/100
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Q2 2023 Synsam AB (publ) Earnings Call Transcript

Aug 22, 2023 / 08:30AM GMT
Release Date Price: kr39.95 (+3.36%)
Operator

Welcome to the Synsam Q2 presentation. (Operator Instructions) Now I will hand the conference over to the speakers. CFO, Per Hedblom; Deputy CEO and Chief Innovation Officer, Martin Daniels. Please go ahead.

Martin Daniels;publ;Deputy CEO;Chief Innovation Officer
Synsam AB

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Thank you, and good day, everyone, and welcome to Synsam's Q2 2023 report presentation. In summary, Synsam had a very strong quarter, reporting record sales and earnings for an individual single quarter ever. Very good momentum across all countries, all 4 countries growing and improving profitability versus last year and very promising to see that after a couple of quarters, we have now achieved the financial targets and that is very promising.

Lifestyle continues to be a strong driver of growth and success for Synsam. We're seeing strong intake of new customers and also the lowest churn rate we've seen since 2020. Synsam continued to take market share, drive growth in topline and combining that with an improved efficiency,

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