Slide 1: Growth continued with record high second quarter operating profit
Verkkokauppa.com Oyj - Q2/2021 Growth continued with record high second quarter operating profit 16 August 2021 Danske Bank Panu Porkka, CEO | Mikko Forsell, CFO | Marja Mäkinen, IR Verkkokauppa.com Oyj
Slide 2: January-June 2021 result presentation
January-June 2021 result presentation Business review Development in Q2 and H1 2021 Key financials Strategic overview Strategic cornerstones Trust as a one of our competitive edges Business outlook for 2021 and financial targets Key takeaways 2
Slide 3: Solid Q2
Solid Q2 Sales On-line sales continued to grow, +15.1% y-on-y Robust B2B sales with increase of +38.4% Good performance in several evolving categories like Sports, Home & Lighting and BBQ & Cooking Export sales declined -2.2% due to continuing COVID-19 impact on travel restrictions Our sal
Slide 4: In Q2/2021, on-line sales grew by +15.1%
In Q2/2021, on-line sales grew by +15.1% 1) Our revenue growth exceeded market growth 3) Online sales grew by +15.1% y-on-y 1) EUR million EUR million 200 Y-on-y +6.1% in Q2 2021 106.4 176 100.0 80.3 77.9 150 125 134 123 130.5 129 75.0 67.7 68.6 60.4 100 50.0 50 25.0 0 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020
Slide 5: Q2/2021: 32nd consecutive growth quarter
Q2/2021: 32nd consecutive growth quarter EUR million 4-6/ 4-6/ Change, % 1-6/ 1-6/ Change, % FY 2020 2021 2020 2021 2020 32nd consecutive Revenue 130.5 123.1 6.1% 264.5 248.3 6.5% 553.6 growth quarter Gross profit 22.4 21.4 4.8% 44.2 40.8 8.2% 88.4 6th consecutive Gross margin, % 17.2% 17.4% 16.
Slide 6: Verkkokauppa.com had a favorable first half
Verkkokauppa.com had a favorable first half +6.5% +23.5% +23.5% Revenue Online sales B2B sales + EUR 1.7 million +30.8% Comparable operating Earnings per share profit EUR 10.3 million EUR 0.17 6 10.8.2021
Slide 7: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow At the end of June 2021: Inventories were EUR 78.5 (56.7) million Cash flow from operating activities was EUR -5.5 (1.0) million Investments in H1 were EUR 2.1 (0.7) million Cash, EUR 18.6 (34.9) million Equity ratio 23.3% (27.4%) Undrawn revolving credit facili
Slide 8: Update on strategy execution
Update on strategy execution
Slide 9: Strategy execution – developing our operations towards our targets
Strategy execution – developing our operations towards our targets Speed & Trust Assortment Experience Flexibility Frictionless omnichannel Delivery experience fuelled by Most transparent product The widest and most exciting experience built upon inhouse highest availability and information platform
Slide 10: Our passion for being a pioneer in ecommerce has been acknowledged
Our passion for being a pioneer in ecommerce has been acknowledged Trust Verkkokauppa.com awarded as one of the most innovative companies in Finland The Finnish Innovation Index1) has been developed together with the Norwegian School of Economics Verkkokauppa.com was listed among the Top 10 comp
Slide 11: We are transparent, interact with our customers, and have established a strong brand reputation
We are transparent, interact with our customers, and have established ourselves with the strong brand reputation* Trust Reputation structure Governance Verkkokauppa.com succeed with strong Financial results Sustainability performance in Trust & Reputation research by T-Media Company’s reputation
Slide 12: Brand position improving
Brand position improving Trust Best positioned brand in e-commerce in Finland, most visited Finnish webstore More than 37 million visits during January-June 2021 on Verkkokauppa.com website Well positioned in YouGov Recommend Ranking Buzz - Positive talk about brands YouGov Recommend TOP-10 Ra
Slide 13: Business outlook
Verkkokauppa «Com Business outlook
Slide 14: Short-term market outlook
Short-term market outlook The strong balance sheet Our operations are We believe to significantly enables us to expand our estimated to develop grow our market share in operations in accordance positively evolving categories with our strategy COVID-19 pandemic has The pandemic may still cause We exp
Slide 15: Financial targets and dividend policy - unchanged
Financial targets and dividend policy - unchanged Guidance for 2021 Targets by the end Dividend policy Revenue: EUR 570–620 million of 2025 Our goal is to continue to (2020: EUR 554 million) Revenue: EUR 1 billion pay out a quarterly growing Comparable operating profit: EBIT margin: 5% dividend EUR
Slide 16: Key takeaways from Q2
Key takeaways from Q2 Strong performance in our Solid financial position ensuring 1 B2B business sales, +38.4 % 4 growing quarterly dividend and future investments opportunities The online shift in retail Our investment on automated 2 continued, our online sales 5 Jätkäsaari logistics hub progress i
Slide 17: More Information
More Information Contacts Links Marja Mäkinen Visit our Investors website: Head of Investor Relations & www.verkinvest.com Corporate Communications, Verkkokauppa.com Join mailing list for Company releases: www.joinverk.com marja.makinen@verkkokauppa.com Upcoming events in 2021 +358 40 671 2999 Watch
Slide 18: Disclaimer
This document is not an invitation to subscribe for or purchase any securities or make any investment decisions in respect of the Company or its securities. This document is not for publication or distribution, directly or indirectly, in or into Australia, Canada, the Hong Kong special administrativ
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