Verkkokauppa.com Oyj · OMXHEX:VERK
Verkkokauppa.com Oyj — Q3 2026 Earnings Presentation
21 slides from Verkkokauppa.com Oyj's earnings presentation, Oct 22, 2026
Slide 1: Improved Profitability in a Competitive Market
IMPROVED PROFITABILITY IN A COMPETITIVE MARKET Verkkokauppa.com Oyj interim financial report for 1 January–30 September 2026 22 October 2026 Panu Porkka, CEO
Slide 2: Q3 2026 Results
Q3 2026 RESULTS Operating environment Q3/2026 performance Strategy execution in Q3 Market outlook and guidance Key takeaways 2
Slide 3: Operating Environment
OPERATING ENVIRONMENT 3
Slide 4: Improving consumer confidence has not yet translated into consumer electronics demand
IMPROVING CONSUMER CONFIDENCE HAS NOT YET TRANSLATED INTO CONSUMER ELECTRONICS DEMAND Consumer confidence in Finland² Q3/2026 development -3.0 -7.2 -7.2 -8.1 -6.8 -7.4 -8.6 -8.4 -9.0 -8.2 -7.4 -8.4 -8.6 -6.4 -7.6 -6.6 -7.6 -6.5 -7.3 -5.3 -5.3 -4.9 • The Finnish economy continued to strengthen, suppo
Slide 5: Q3 Performance
Q3 PERFORMANCE 5
Slide 6: Revenue grew in a competitive market, driven by international and B2B sales
REVENUE GREW IN A COMPETITIVE MARKET, DRIVEN BY INTERNATIONAL AND B2B SALES Quarterly revenue (MEUR) Q3/2026 development +2.1% 131.2 133.9 Verkkokauppa.com delivered 2.1% year-on-year revenue growth in a highly competitive environment Revenue development (year-on-year): • Online sales gained further
Slide 7: Underlying gross margin improvement fully offsets consumer finance divestment
UNDERLYING GROSS MARGIN IMPROVEMENT FULLY OFFSETS CONSUMER FINANCE DIVESTMENT Gross profit (MEUR) Q3/2026 development +0.6 MEUR 21.8 22.3 • Gross profit reached 22.3 MEUR (21.8), up 0.6 MEUR year-on-year, supported by revenue growth and a higher gross margin • Gross margin increased to 16.7% (16.6%)
Slide 8: Improved profitability, supported by gross margin and operational efficiency
IMPROVED PROFITABILITY, SUPPORTED BY GROSS MARGIN AND OPERATIONAL EFFICIENCY Key figures Q3/2026 development EUR million Q3/2026 Q3/2025 Change Revenue 133.9 131.2 +2.1% • Gross profit grew to 22.3 MEUR (21.8), Gross profit 22.3 21.8 +0.6 MEUR driven by revenue growth and a higher Personnel expenses
Slide 9: Healthy inventory level ahead of the peak season
HEALTHY INVENTORY LEVEL AHEAD OF THE PEAK SEASON Inventory (MEUR) -5% 80.8 72.5 69.9 69.1 64.9 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Q3/2026 development • Inventory down by 5% year-on-year to EUR 69.1 MEUR (72.5) • Inventory on a healthy level, with peak season preparations progressing as planned
Slide 10: Positive operating cash flow and strong financial position support continued shareholder returns
POSITIVE OPERATING CASH FLOW AND STRONG FINANCIAL POSITION SUPPORT CONTINUED SHAREHOLDER RETURNS Quarterly cash flow from operations (MEUR) Q3/2026 development 40 30 29.6 • Operating cash flow 2.6 MEUR (29.6) 20 • The comparison period included a 32.3 MEUR contribution 10 7.0 6.8 to operating cash f
Slide 11: Strategy Execution
STRATEGY EXECUTION 11
Slide 12: International sales up by 41%, sales in Sweden doubled
INTERNATIONAL SALES UP BY 41%, SALES IN SWEDEN DOUBLED International revenue growth (MEUR) Q3/2026 development 41% 15.1 • International revenue increased by 41% to EUR 15.1 million (10.7), rising to 11.3% of revenue (8.2%), with growth across all key markets • Sales in Sweden doubled year-on- 10.7 y
Slide 13: Fast delivery volumes up by 27% as coverage and customer base kept growing
FAST DELIVERY VOLUMES UP BY 27% AS COVERAGE AND CUSTOMER BASE KEPT GROWING Q3/2026 development Quarterly volume of fast deliveries • Fast delivery volumes up by 27% and +27% customer base by 50% year-on-year • Coverage extended to over 100,000 additional consumers in the Greater Helsinki region and
Slide 14: Market Outlook and Guidance
MARKET OUTLOOK AND GUIDANCE 14
Slide 15: Market Outlook
MARKET OUTLOOK • Consumer demand has remained cautious, as higher interest rates and energy costs continue to weigh on purchasing power • Competition is expected to remain tight, and the outlook remains sensitive to geopolitical developments The company believes that: • It will be able to take advan
Slide 16: Guidance for 2026 - Unchanged
GUIDANCE FOR 2026 - UNCHANGED Verkkokauppa.com expects its revenue and comparable operating result for 2026 to increase. In 2025, the company's revenue was EUR 526.5 million and comparable operating result was EUR 14.8 million. Guidance includes uncertainties related to changes in purchasing power a
Slide 17: Key Takeaways Q3/2026
KEY TAKEAWAYS Q3/2026 • Revenue growth continued in a competitive market, led by international sales and B2B • Profitability improved, supported by revenue growth and continued operational efficiency • Strategy execution progressed steadily, with strong development in Sweden and Central Europe, and
Slide 18: Q&A with Management
Q&A WITH MANAGEMENT Panu Porkka Jesper Blomster Elisa Forsman CEO CFO Head of IR
Slide 19: Quarterly Key Figures
19 Revenue, MEUR Gross profit, MEUR, Gross margin-% EBITDA, MEUR EBITDAS: Operating result, MEUR Operating margin-26 Comparable operating result, MEUR Comparable operating margin-% Not result, MEUR, Revenue distribution by customer segment Consumers MEUR 828 (incl. Wholesale), MEUR Interost-bearingn
Slide 20: More Information
MORE INFORMATION Upcoming Financial Events Date Event 12 February 2027 Financial statements bulletin for the year 2026 Week 10, 2027 The annual reporting package for 2026 31 March 2027 The Annual General Meeting 22 April 2027 Interim report for January–March 2027 14 July 2027 Half-year report for Ja
Slide 21: VERKKO
VERKKO KAUPPA COM