Komplett Group (KOMPL) Q3 2025 earnings summary

Executive summary

• New CEO Ros-Marie Grusén took office on August 1, 2025, emphasizing retail experience and strategic acceleration.

• Q3 2025 sales grew 2.3% year-over-year to NOK 3,842 million, driven by positive market dynamics and commercial initiatives.

• Gross profit increased 12.3% year-over-year to NOK 534 million, with margin rising to 13.9% from 12.7%.

• Operating expenses remained stable, with cost and restructuring measures offsetting expansion investments.

• Adjusted EBIT improved to NOK 3 million from negative NOK 46 million in Q3 2024.

Financial highlights

• Operating revenue for Q3 2025 was NOK 3,842 million, up from NOK 3,755 million in Q3 2024.

• Gross margin rose to 13.9% from 12.7% year-over-year.

• Adjusted EBIT margin was 0.1%, up from -1.2% in Q3 2024.

• One-off costs of NOK 14 million related to restructuring and redundancy were recognized.

• Liquidity reserve at quarter-end was NOK 1,169 million, with net debt reduced mainly due to Swedish tax repayments.

Outlook and guidance

• Positive market momentum expected to continue in Norway and Sweden, supported by macroeconomic conditions.

• Recent product launches and seasonal sales are expected to drive demand into the peak commercial period.

• Cost and efficiency measures are expected to yield greater impact in late 2025 and into 2026.

• Well-positioned for the upcoming peak season with solid commercial plans and good product availability.