Helen Hickman
CFO & Member of the Administration Board
Good morning, everybody, and welcome to International Trend Group’s Q3 2025 Outcomes Presentation. I am Helen Hickman, CFO of GFG, and I am right here in the present day with our CEO, Christoph Barchewitz, who will be a part of us for Q&A. At present, I am going to present an outline of our third quarter outcomes and full yr steerage. After that, we’ll open it up for questions.
Beginning with a abstract of our Q3 efficiency. Our NMV was broadly steady year-on-year with 0.4% lower on a relentless forex foundation. Our gross margin improved by 1.3 share factors year-over-year to achieve 46.1%. Our adjusted EBITDA margin benefited from the gross margin growth and disciplined value administration to ship a robust 4.4 share level enchancment year-over-year to a optimistic 1.6%. This marks our first optimistic adjusted EBITDA on a final 12-month foundation for our present footprint.
Let’s take a better have a look at our group KPIs. For over a yr now, we progressively slowed the speed of lively buyer decline every quarter. In Q3, lively prospects declined 2.3% year-over-year to 7.4 million, pushed by fewer churn prospects in all areas. Order frequency elevated 0.4% year-over-year to 2.3x, marking the primary enhance since Q1 ’23. In Q3, we generated EUR 239 million of NMV, which is broadly flat from final yr on a relentless forex foundation. The group’s market participation elevated 2 share factors to 39%, supported by ANZ’s fulfilled by providing. Common order worth rose by 1%, primarily as a result of worth inflation, which was partially offset by lowered objects