Thomas Nielsen

“When it comes to Benelux, where would you say Benelux still lags the Nordics operationally?”

“And Q2 showed significant operating leverage with transaction margin dollars growing 42% against much slower cost growth. So looking ahead, if transaction modules can grow at 20% plus, when do you see Klarna being able to achieve a double digit or mid-teens adjusted operating margin when in time, would you say?”

“For taking my question, perhaps you could discuss what you're seeing at the forefront of AI developments. Are you seeing any form of new competitors emerging in your niche markets and are you seeing any changes in customer churn caused by new entrants in your niche markets?”

“So premium continues to be the strongest growth engine and conversion has improved to 0.8% of the total user base while iOS conversion is above 4%. How hard do you think group level conversion rates can go over the medium term?”

“I would like to ask about the sustainability of the record EBIT margin reported, 19% this To what extent was this driven by one-off favorable product mixes or timing of license renewals versus coffins deficiencies that we should expect to persist throughout 2026?”