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Matas A/S
F:1MTA

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Matas A/S
F:1MTA
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Price: 13.04 EUR 2.03% Market Closed
Market Cap: €494.6m

Matas A/S
Investor Relations

Matas A/S is a Danish retail company that sells beauty, personal care, and health products. Its stores and online shop offer cosmetics, skincare, hair care, fragrances, vitamins, over-the-counter medicine, and related household items. It serves everyday consumers who want a convenient place to buy branded products, plus advice from staff on skin, hair, and wellness products. The company makes money mainly by selling goods it buys from brand owners and wholesalers, then resells through its own retail channels. That gives Matas a classic retail model: it earns a margin on each product sale and also benefits when customers return for repeat purchases of routine items like shampoo, makeup, and supplements. In some categories, it also earns from its own private-label products, which can offer better control over pricing and profit. What makes Matas distinctive is its role as a specialist health-and-beauty retailer rather than a general department store. It sits close to the customer at the point of purchase and helps shoppers compare brands in categories where advice and trust matter. That mix of stores, e-commerce, and personal guidance gives it a stronger position in everyday consumer spending than a simple low-price seller.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 5, 2026
AI Summary
Q3 2026

Record Matas Sales: Matas delivered record sales in Q3, with stand-alone growth of 4.8%, while overall group growth was 1.8% currency-neutral (3.1% reported).

KICKS Under Pressure: KICKS experienced a sales decline of 3.8% (3.2% excluding Skincity), attributed to challenging high-end market conditions and aggressive competitor pricing.

Gross Margin Mixed: Group gross margin was slightly below last year, with Matas margins down due to product mix and timing, while KICKS margins improved year-on-year when adjusted for FX.

Cost Discipline: Operating costs declined 0.5% year-on-year despite sales growth, reflecting strong cost control and lower salary costs.

Guidance Maintained: Management reaffirmed full-year guidance of 3–4% sales growth and 14–14.5% EBITDA margin.

Acceleration Plans: Matas Group is accelerating its strategy, particularly in KICKS, focusing on broader product assortment, pricing discipline, and store productivity.

Online Momentum: Online sales grew 10% in Matas and 2.5% in KICKS; group e-commerce growth was 5%.

Inventory and Cash Flow: Inventories were reduced by almost DKK 300 million during the quarter; free cash flow was around DKK 400 million.

Key Financials
Group Sales Growth (constant currency)
1.8%
Reported Group Sales Growth
3.1%
EBITDA Margin
16.7%
Matas Stand-alone Sales Growth
4.8%
KICKS Sales Growth
-3.8%
KICKS Sales Growth (excluding Skincity)
-3.2%
Subsidiaries Sales Growth
12.4%
Online Sales Growth (Matas)
10%
Online Sales Growth (KICKS)
2.5%
Group Core Online Growth
5%
In-house Brand Growth (Matas Group)
10.9%
In-house Brand Growth (Sweden / Nilens Jord & BeautyAct)
over 30%
Cost Base
-0.5% vs last year
Free Cash Flow
around DKK 400 million
Inventory Reduction
almost DKK 300 million reduction in the quarter
Gearing Ratio
2.9x
CapEx
within 3% to 4% of revenues
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gregers Christian Wedell-Wedellsborg
Chief Executive Officer
No Bio Available
Mr. Per Johannesen Madsen
Chief Financial Officer
No Bio Available
Mr. David Heeroma
?Executive Vice President of Group Operations
No Bio Available
Mr. John Backman
Head of IR & Treasury
No Bio Available
Ms. Kristine Ahrensbach
Head of Corporate Communication
No Bio Available
Mr. Anders Tormod Skole-Sorensen
Advisor
No Bio Available
Mr. Brian Andersen
Executive Vice President of Group Digital & Loyalty
No Bio Available
Ms. Lise Ryevad
Executive Vice President of Matas
No Bio Available
Alice Wassard
?Executive Vice President of Group Commercial
No Bio Available
Ms. Carola Lundell
Executive Vice President of KICKS
No Bio Available

Contacts

Address
ALLEROED
Roermosevej 1
Contacts
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