Qliro AB (OSTO:QLIRO)

kr 24 1.6 (7.14%) Market Cap: 511.06 Mil Enterprise Value: 2.79 Bil PE Ratio: 324.29 PB Ratio: 0.91 GF Score: 52/100

Q3 2024 Qliro AB Earnings Call Transcript

Nov 15, 2024 / 09:00AM GMT

Release Date Price: kr27.5 (-2.48%)

Transcript

Christoffer Rutgersson

Qliro AB - CEO

Thank you, and welcome to our Q3 presentation. I'm Christoffer Rutgersson. And with me today, I have also our new CFO, Mikael Rahm. And we'll run through the presentation for today. So the agenda is, first, I will give you a strategic update and some highlights for the quarter, talk through the business model, then a financial update, talk a bit about the outlook, and then open up for questions.

So jumping into the strategic update, so first of all, we are making a strategic shift to double down our payments business with new growth investments. We brought in more than SEK100 million in capital during the quarter and are now focusing on accelerating the business. Secondly -- and we already announced an accelerated growth momentum in our payments volume with more than 35% volume growth that is signed and expected to come live on the platform going forward.

We see also kind of a strong growth of merchants on the platform with more than 100% growth -- 175% growth in the quarter versus last year, as we now have more than 200 merchants onboarded on the

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