Bohus (BOHUS) DNB Carnegie Consumer Conference 2026 presentation summary

Market position and growth

• Holds the leading mid-market share among Norwegian furniture chains at 20% as of May 2026, with 620,000 customer club members and a 9.2% revenue CAGR from 2023–2025, outperforming the market by 4.4 percentage points.

• Nationwide omnichannel presence with 72 stores (including 6 franchises) and a robust online platform, supported by an automated central warehouse.

• Consistently gains market share in a resilient, growing market with limited cyclicality and high customer involvement, reaching 21% market share by Q2 2026.

• Structural advantages include scale, efficient logistics, attractive locations, and a strong brand, enabling sustained leadership in the mid-market segment.

Operational highlights and logistics

• Automated central warehouse near Oslo enables efficient logistics, faster delivery, and lower per-unit freight costs, with plans for a 50% expansion.

• Centralized inventory and procurement reduce capital tied up in stock and lower obsolescence risk.

• High share of made-to-order products and consolidated loads further optimize logistics and cost efficiency.

Financial performance and structure

• Q2 2026 revenue grew 15.7% YoY to NOK 963.8 million, with like-for-like growth of 10.1%.

• Gross margin improved to 48.9% (up 1.4 percentage points), and adjusted EBIT margin rose to 14.9% (up 1.6 percentage points), driven by operational improvements and favorable product mix.

• Operating expenses increased slightly due to higher logistics costs, SAP migration, and new store ramp-up.

• Profit for Q2 2026 was NOK 71.4 million, with positive currency effects and IPO-related costs impacting comparability.