Oatly Group (OTLY) FY 2025 Annual General Meeting May 20, 2025 08:00 AM ET Speaker0 morning, Speaker1 as the Chairperson of the Board of Directors, and welcome you all to the twenty twenty five Annual General Meeting of Autel Group AB, and I hereby declare the General Meeting open. Before we move on, I'd like to introduce people on the podium here. With me here on the left hand side, I've got Jean Christophe Flaten, the CEO of Voatley. And on the right hand side here, Sean Panahi and Greta Epclom, welcome, ...

ATRenew (RERE) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to AT Renu Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. We will be hosting a question and answer session after management's prepared remarks. Please note today's event is being recorded. I will now turn the call over to the first speaker today, Mr. Jeremy Ji, Director of C ...

Nebius Group (NBIS) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 Durshi. I'm head of investor relations. Joining me today to discuss our results are Arkady Voloj, Founder and CEO and members of the management team. Our remarks today will include forward looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today's earnings press release and in our annual report on Form 20 F filed with the S ...

Viking Holdings (VIK) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 Good morning. My name is Paul, and I will be your conference operator today. At this time, I would like to welcome everyone to Viking's First Quarter twenty twenty five Earnings Conference Call. As a reminder, this call is being Thank you. I would now like to turn the program to your host for today's conference, Vice President of Investor Relations, Carolla Mangalini. Speaker1 Good morning, everyone, and welcome to Viking's First ...

Reading International (RDI) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 First Quarter twenty twenty five Earnings Call Conference Call. Thank you for joining Reading International's Earnings Call to discuss our twenty twenty five first quarter. My name is Andrei Matachinsky, and I am Reading's executive vice president of global operations. With me are Ellen Cotter, our president and chief executive officer, and Gilbert Ibanez, our executive vice president, chief financial officer, and treasurer. ...

Financial Data and Key Metrics Changes - Total net revenues for Q1 2025 were RMB26.3 billion, down from RMB27.6 billion in the prior year period, representing a year-over-year decrease of 4.7% [17] - Gross profit decreased to RMB6.1 billion from RMB6.5 billion, with gross margin slightly declining to 23.2% from 23.7% [17] - Operating income was RMB2.3 billion compared to RMB2.8 billion in the prior year, leading to an operating margin decrease to 8.7% from 10% [20] - Net income attributable to shareholders was RMB1.9 billion, down from RMB2.3 billion, resulting in a net margin of 7.4%, compared to 8.4% in the prior year [21] Business Line Data and Key Metrics Changes - The apparel category achieved positive growth in Q1 2025, with Super VIP membership growing at double-digit rates [6] - Active SVIP customers increased by 18% year-over-year, accounting for 51% of online spending [6] Market Data and Key Metrics Changes - The company expects total net revenues for Q2 2025 to be between RMB25.5 billion and RMB26.9 billion, indicating a year-over-year decrease of approximately 5% to 0% [22] - There are signs of improvement in overall consumption sentiment, with better sales momentum observed in March and into Q2 [26] Company Strategy and Development Direction - The company is focused on enhancing its merchandising capabilities to adapt to trends in fashion apparel and family lifestyle categories [9] - Strategic priorities include growing the share of brand supply, investing in customer engagement initiatives, and accelerating technology advancements [8] - The company aims to maintain its value proposition in discount retail while enhancing customer experience through AI and personalized recommendations [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining growth in the second half of 2025 after a challenging first half [26] - The company plans to maintain net margins comparable to those achieved in 2024 despite current pressures [26] Other Important Information - The company has returned over US$400 million to shareholders year-to-date, including approximately US$250 million in dividends and over US$150 million in share repurchases [16] - The company is evaluating the option of a secondary listing in Hong Kong and will keep the market updated on any progress [35] Q&A Session Summary Question: Recent consumer sentiment and GMV trend in Q2 - Management noted signs of improvement in consumption sentiment, with better sales momentum observed in March and into Q2, and maintained a positive outlook for the second half of 2025 [26][27] Question: Impact of tariffs on user demand - Management indicated limited exposure to tariffs and noted that they are working with export companies to access quality brand supply [33][34] Question: Strategy for SVIP member growth - Management confirmed steady growth in SVIP members and plans to enhance exclusive product offerings to drive further growth [39] Question: Competitive landscape changes - Management acknowledged a hyper-competitive environment but emphasized the importance of maintaining a focus on discount retail to compete effectively [40] Question: Trends in shopping frequency and return rates - Management reported stable shopping frequency metrics for SVIP members and a slight increase in return rates, which remain low [44] Question: Capital return guidance for 2025 - Management reaffirmed the commitment to return no less than 75% of full-year 2024 non-GAAP net income to shareholders [47]

X Financial (XYF) Q1 2025 Earnings Call May 20, 2025 07:30 AM ET Company Participants Victoria Yu - Investor Relations ManagerKan Li - President & DirectorNoah Kauffman - Chief Financial Strategy OfficerFuya Zheng - Chief Financial Officer Conference Call Participants None - AnalystAlex Ye - Research Analyst Operator Hello and welcome to the X Financial First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would ...

X Financial (XYF) Q1 2025 Earnings Call May 20, 2025 07:30 AM ET Company Participants Victoria Yu - Investor Relations ManagerKan Li - President & DirectorNoah Kauffman - Chief Financial Strategy OfficerFuya Zheng - Chief Financial Officer Conference Call Participants None - AnalystAlex Ye - Research Analyst Operator Hello and welcome to the X Financial First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would ...

Financial Data and Key Metrics Changes - Total net revenues for Q1 2025 were RMB26.3 billion, a decrease from RMB27.6 billion in the prior year period, representing a year-over-year decline of approximately 4.7% [17] - Gross profit was RMB6.1 billion compared to RMB6.5 billion in the prior year, with a gross margin of 23.2%, down from 23.7% [17] - Operating income was RMB2.3 billion, down from RMB2.8 billion in the prior year, resulting in an operating margin of 8.7%, compared to 10% previously [21] - Net income attributable to shareholders was RMB1.9 billion, down from RMB2.3 billion, with a net margin of 7.4%, compared to 8.4% in the prior year [21][22] - Non-GAAP net income attributable to shareholders was RMB2.3 billion, down from RMB2.6 billion, with a non-GAAP net margin of 8.8%, compared to 9.3% previously [22] Business Line Data and Key Metrics Changes - The apparel category achieved positive growth in Q1 2025, with active Super VIP (SVIP) customers increasing by 18% year-over-year, accounting for 51% of online spending [6][11] - Marketing expenses increased by 6% year-over-year to RMB732.1 million, representing 2.8% of total net revenues, up from 2.5% in the prior year [18][19] Market Data and Key Metrics Changes - The company expects total net revenues for Q2 2025 to be between RMB25.5 billion and RMB26.9 billion, indicating a year-over-year decrease of approximately 5% to 0% [23] - Consumer sentiment showed signs of improvement in March and into Q2, with better sales momentum observed in May [26] Company Strategy and Development Direction - The company aims to enhance its merchandising capabilities to adapt quickly to trends in fashion apparel and family lifestyle categories [8] - Strategic priorities include growing the share of brand supply, investing in customer engagement initiatives, and accelerating technology advancements [7][12] - The company plans to expand its loyalty program and leverage AI to improve customer experience and marketing efficiency [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining growth in the second half of 2025 after a challenging first half, maintaining that net margins will be comparable to 2024 levels [26][27] - The competitive landscape remains hyper-competitive, with a focus on discount retail as a key differentiator [41][42] Other Important Information - The company has returned over US$400 million to shareholders year-to-date, including approximately US$250 million in dividends and over US$150 million in share repurchases [16][49] - The company is evaluating the option of a secondary listing in Hong Kong and will keep the market updated on any progress [36] Q&A Session Summary Question: Recent consumer sentiment and GMV trend in Q2 - Management noted signs of improvement in consumption sentiment, with better sales momentum observed in May, and expects to regain growth in the second half of 2025 [26][27] Question: Impact of tariffs on domestic demand - Management indicated limited exposure to exports and is exploring opportunities with export companies to access quality brand supply [34][35] Question: Strategy for SVIP growth - Management confirmed steady growth in SVIP members and plans to enhance exclusive product offerings to drive retention and spending [39][40] Question: Return rate trends - Management reported a stable return rate with a slight increase, adhering to a consistent return policy over the years [46][47] Question: Marketing spend and margin balance - Management emphasized a disciplined approach to marketing spend, maintaining it within 3% of total revenue while focusing on effective channels for customer growth [60][62]

Financial Data and Key Metrics Changes - In Q1 2025, the company facilitated RMB 35.15 billion in loans, reflecting an 8.8% sequential increase and 63.4% year-over-year growth [6][11] - Total revenue reached RMB 1.94 billion, up 13.4% from Q4 and over 60% year-over-year [7][12] - Non-GAAP adjusted net income for Q1 was RMB 457 million, a 44.9% year-over-year increase [14] - Basic earnings per ADS improved to USD 1.5, a 45.6% year-over-year increase [14] - Return on equity increased to 25.5%, rising 1.4 percentage points year-over-year [14] Business Line Data and Key Metrics Changes - The total loan outstanding balance, excluding loans over sixty days delinquent, reached RMB 58.4 billion, growing by more than 33% from Q1 2024 [11] - The company facilitated over 3,140,000 loans with an average loan amount of approximately RMB 11,181 [11] Market Data and Key Metrics Changes - The thirty-one to sixty days delinquency rate improved to 1.25% from 1.61% a year ago, reflecting a 22% improvement [8] - The ninety-one to one hundred and eighty days delinquency rate decreased to 2.7% from 4.7% in Q1 2024, a 37% reduction [8] Company Strategy and Development Direction - The company is focused on expanding opportunities through new partnerships and enhancing its technology platform and underwriting models [6] - There is a commitment to improving borrower experience by delivering faster decisions and simplifying application processes [7] - The company has authorized a new share repurchase plan for up to USD 100 million worth of Class A shares and ADS [15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the current macroeconomic environment, indicating it is favorable for portfolio growth [26] - The company expects total loan amounts facilitated in Q2 2025 to be between RMB 37.5 billion and RMB 39.5 billion, reflecting continued strong demand [16] - Management acknowledged potential regulatory changes but expressed confidence in compliance and the ability to adapt [43] Other Important Information - The regulatory environment in China is described as dynamic, with a focus on responsible credit assets and financial stability [16] - The company is actively engaging with regulatory authorities to ensure compliance with upcoming regulations [43] Q&A Session Summary Question: Current macroeconomic environment and loan market outlook - Management believes the current environment is still good for portfolio growth and is focused on managing growth responsibly [25][26] Question: Delinquency rate concerns - Management noted that while there may be some uptick in delinquency rates, overall portfolio health remains strong and profit will not be impacted [26][28] Question: Share repurchase program - Management indicated that no shares were repurchased in Q1 due to the open window policy but plans to utilize the remaining funds in the upcoming open window [36] Question: Loan growth guidance and credit demand - Management expects continued growth driven by customer acquisition and is confident in achieving a 30% volume growth for the year despite potential regulatory impacts [46]