Vend Marketplaces ASA (SBSNY) Q2 2026 Earnings Call Transcript

Good morning, and welcome to our Q2 results presentation this morning here from Oslo. My name is Jann-Boje, and I'm heading Investor Relations at Vend. As usual, we have our CEO, Christian; and our CFO, PC, with us to walk you through the development and key performance in the quarter. Following the presentation, we will have an analyst Q&A session with Microsoft Teams. And before I hand over to Christian, let me just quickly walk you through the disclaimer slide. So our presentation includes forward-looking statements, and please refer for the full text on this slide for more information. And with this, Christian, the floor is yours. Christian Halvorsen Chief Executive Officer Thank you so much, Jann-Boje, and good morning, everyone. So at the start of the year, I described Vend as now being a focused pure-play marketplace company moving into full-scale execution. And our second quarter results demonstrate this execution through expanded profitability, accelerated cost management and continued strategic progress. Group revenues ended at NOK 1,696 million. That's flat year-on-year or 2% up on a constant currency basis. Our 4 verticals increased by 10% in constant currency, and this was partly