Elektroimportoren (ELIMP) investor relations material

Executive summary

• Achieved continued growth in revenue and profitability in Q2 2026, despite a more challenging macroeconomic environment with rising interest rates and uncertainty impacting private household demand.

• Broad-based growth across all customer segments and geographies, with resilience demonstrated in both Norway and Sweden.

• Announced a recommended voluntary cash offer from Brødrene A. & O. Johansen A/S to acquire all outstanding shares at NOK 22 per share, valuing the company at NOK 1.1 billion, a 57.1% premium to the last unaffected share price.

• The Board unanimously recommended the offer, which has received regulatory approval.

Financial highlights

• Total Q2 revenue was NOK 388 million, up 5.8% year-over-year; like-for-like revenue increased by 1.8%.

• B2B revenue rose 4.5%, B2C revenue up 7.2% year-over-year.

• Gross profit reached NOK 145 million, up 13.3% from last year; gross margin improved to 37.4% from 34.9%.

• Adjusted EBITDA was NOK 52 million (13.5% margin), up from NOK 41 million (11.1% margin) last year.

• Net profit for the quarter was NOK 8.4 million, compared to NOK 0.1 million last year.

Outlook and guidance

• Expect both B2B and B2C markets to remain cautious due to global uncertainty and risk of rising interest rates.

• Confident in the robustness of the business model and continued underlying growth.

• Positive sales development continued in July, with revenue growth of 6.6%.