Synsam AB

Welcome everyone to Synson Group's Q&A session as we release the interim report for the third quarter this morning. My name is Frida Leim and I'm Head of Investor Relations at Synson Group and will moderate this Q&A session today. With me in the studio I have our CFO Per Hedblom and our COO Jimmy Engström who will answer the questions. Those of you watching this live, you are welcome to ask your question in the YouTube chat online. We will try to answer as many questions as possible. We have also our analyst from Citi joining us. I would like to welcome in and hand over to Yang from Citi. Welcome, Yang.

Hey, thank you guys. Thanks Freda for the introduction. I guess just to start off our call today, maybe can you talk to what you are seeing in terms of consumer behaviors? And I know we ask this question every single quarter, but I have a sense that the macro picture seems to be a bigger focus in the release this quarter. Can you talk a little bit to that? And also please can you elaborate on how you're seeing the customer willingness in terms of trading up to more premium products that you've seen this quarter versus last quarter specifically. Thanks.

Yeah, but what we've seen in the third quarter is that it's still the consumer sentiment has been a bit cautious. But where we see now that the consumer is looking a bit more positively into the future with interest rates coming down and hopefully also the household income to improve. So that has sort of been the picture for the third quarter.