Komplett Asa · OSL:KOMPL
Komplett Asa — Q1 2026 Earnings Presentation
22 slides from Komplett Asa's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026
30 April 2026 First Quarter 2026 Vebjørn Torsetnes, CEO Thomas Røkke, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Komplett ASA (the “Company”) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our c
Slide 3: Agenda
Agenda 01 02 03 04 05 Highlights Operational Financial Summary Appendix for Q1-26 update performance and outlook 3
Slide 4: Highlights for Q1-26
01 Highlights for Q1-26 Vebjørn Torsetnes, CEO
Slide 5: Unlocking the group's potential while navigating uncertain markets
Highlights Unlocking the group’s potential while navigating uncertain markets • Maintaining momentum - Strategic priorities and operational initiatives maintained, ensuring continuity through leadership transition • Navigating uncertain markets - Demand held back by limited new launches and by price
Slide 6: Stable performance in Q1-26
Highlights Stable performance in Q1-26 Operating revenue: Gross margin: NOK 3 400 million 14.7 per cent Q1-25: NOK 3 370 million Q1-25: 15.0 per cent Relatively stable gross margin Stable revenue development performance, reflecting more despite headwinds in gaming challenging comparisons and and com
Slide 7: Operational update
02 Operational update Vebjørn Torsetnes, CEO
Slide 8: Navigating headwinds in gaming and components
Komplett Navigating headwinds in gaming and components • Navigating a challenging component market and weaker innovation cycle • Growth in non-computing categories • Continued strengthening of position in gaming • Ensuring operational resilience with automated logistics setup Photo: Bjørn Wad 8
Slide 9: Efficiency improvements and strengthened customer proposition
NetOnNet Efficiency improvements and strengthened customer proposition • Good growth in non-computing categories offsets impact from weaker innovation cycles • Good progress on cost initiatives and operational efficiency measures • Enhanced checkout and digital journey supporting improved conversion
Slide 10: Advancing commercial and operational initiatives
Webhallen Advancing commercial and operational initiatives • Good sales growth across online and retail channel • Continued private label expansion • Increased product assortment following warehouse consolidation • Positive impact from cost programs and continued cost management focus 10
Slide 11: Financial performance
03 Financial performance Thomas Røkke, CFO
Slide 12: Resilient sales and margins
Key financials Resilient sales and margins • Sales stable amid headwinds in gaming and components - Positive macroeconomic conditions, partly offset by weaker innovation cycle and effects of price increases of memory chips Revenue Gross profit - Stable sales in B2C (+0.3 per cent) and Distribution (
Slide 13: Impacted by memory shortages
B2C Impacted by memory shortages • Revenues up 0.3 per cent YoY (-1.3 per cent LFL) 3 896 - In Norway the operations had a decline of 5.0 per cent, impacted Revenue (NOK million) by memory pricing, partly offset by +0.3 per cent in Sweden and Gross margin (%) 2 686 + 5.6 per cent in Denmark (LFL, Yo
Slide 14: Strong profit uplift
B2B Strong profit uplift • Revenue increase of 5.7 per cent (+5.4 per cent LFL) 436 412 387 Revenue (NOK million) - Growth driven by stronger performance in Norway with +4.1 per 366 cent growth, +16.4 per cent in Sweden (LFL, YoY) Gross margin (%) 329 - Stronger computing demand and increased sales
Slide 15: Steady progress
Distribution Steady progress • Stable revenue growth of 0.6 cent (+0.4 per cent LFL) 824 720 Revenue (NOK million) - Revenue increase of 1.6 per cent in Norway, while Sweden had a 660 664 593 Gross margin (%) decline of 13.5 per cent (YoY, LFL) - Growth in telecom offsetting softer sales in computin
Slide 16: Net working capital reflecting seasonal fluctuations
Cash flow and working capital Net working capital reflecting seasonal fluctuations Cash flow Q1-26 Q1-25 FY-25 • Net cash flow from operations reflected a NOK 730 million decrease in trade payables, a NOK 39 million increase in Net cash flow from operating activities -575 -201 757 accounts receivabl
Slide 17: Continued solid liquidity
Financial position Continued solid liquidity • Continued solid liquidity reserve of NOK 1.0 bn Liquidity reserve Net interest-bearing debt - Comprises available cash and undrawn credit facilities 1 251 1 278 - Reflects precautionary stock positions and timing of supplier 1 210 payments 980 +68m -271
Slide 18: Summary and outlook
04 Summary and outlook Vebjørn Torsetnes, CEO
Slide 19: Better positioned to unlock further efficiency gains and scale benefits
Summary and outlook Better positioned to unlock further efficiency gains and scale benefits • EBIT adj. improvement of NOK 13 million driven by resilient sales and disciplined cost management • Market outlook supported by improving economics, yet global uncertainty may weigh on spending • Price incr
Slide 20: Appendix
05 Appendix
Slide 21: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) 21
Slide 22: Slide 22