Verkkokauppa.com (VERK) investor relations material

Executive summary

• Revenue increased by 6.7% year-over-year to €117.9 million, driven by strong e-commerce, B2B, and international growth, especially in Sweden, outperforming the market despite subdued consumer confidence.

• Market share expanded in Finland, with fast delivery services and digital adoption accelerating growth.

• Operational efficiency and disciplined cost management supported stable performance amid intensified competition.

• Fast delivery services, including 1-hour delivery, grew rapidly and now represent a significant share of online sales.

• The company maintained a robust financial position and continued investments in growth and operational efficiency.

Financial highlights

• Gross profit was €20.4 million, with gross margin declining to 17.3% from 18.8% due to price competition, promotional activity, and business divestment.

• Operating result (EBIT) was €2.4 million (2.1% margin), down from €3.2 million, with net result at €1.6 million.

• EBITDA was €4.2 million (3.6% margin), compared to €4.9 million (4.4% margin) last year.

• Cash and cash equivalents stood at €28.3 million, with equity ratio improving to 24.7%.

• Operating cash flow was negative at -€17.2 million, mainly due to proactive inventory build-up.

Outlook and guidance

• Guidance for 2026 remains unchanged: revenue and comparable operating result expected to increase versus 2025.

• Market demand is expected to recover gradually in 2026, with private consumption forecast to grow as real earnings rise.

• Guidance is subject to uncertainties in consumer purchasing power, behavior, and business seasonality.

• No changes to existing guidance.