Verkkokauppa.com Oyj · OMXHEX:VERK
Verkkokauppa.com Oyj — Q1 2026 Earnings Presentation
21 slides from Verkkokauppa.com Oyj's earnings presentation, Apr 23, 2026
Slide 1: Resilient Performance in a Changing Environment
RESILIENT PERFORMANCE IN A CHANGING ENVIRONMENT Verkkokauppa.com Oyj Interim Report for 1 January – 31 March 2026 23 April 2026 | Panu Porkka, CEO
Slide 2: Q1 2026 Results
Q1 2026 RESULTS 01 Operating environment 02 Q1 2026 performance 03 Strategy execution 04 Market outlook and guidance 05 Key takeaways 2
Slide 3: Operating Environment
OPERATING ENVIRONMENT 3
Slide 4: Operating Environment Became More Uncertain During the Quarter
OPERATING ENVIRONMENT BECAME MORE UNCERTAIN DURING THE QUARTER Consumer confidence in Finland Q1/2026 development -9.5 -9.4 -7.6 -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 -8.7 • Increased uncertainty related to geopolitical -12.6 -10.3 -10.5 -11.5 deve
Slide 5: Q1 Performance
Q1 PERFORMANCE 5
Slide 6: Continued Revenue Growth Despite Market Shift
CONTINUED REVENUE GROWTH DESPITE MARKET SHIFT Quarterly revenue (MEUR) Q1/2026 development +6.7% 117.9 Verkkokauppa.com delivered 6.7 % year-on-year 110.5 revenue growth in the first quarter, despite the operating environment changing suddenly during the period Key revenue growth drivers (year-on-ye
Slide 7: Solid Gross Margin Compared to Historical Performance
SOLID GROSS MARGIN COMPARED TO HISTORICAL PERFORMANCE Gross profit (MEUR) Q1/2026 development -2% 20.8 20.4 • Gross profit amounted to 20.4 MEUR (20.8), supported by revenue growth and strong operational execution in a challenging market environment • Gross margin declined to 17.3% (18.8%) Q1 2025 Q
Slide 8: Operational Efficiency Supported Stable Performance in a Challenging Environment
OPERATIONAL EFFICIENCY SUPPORTED STABLE PERFORMANCE IN A CHALLENGING ENVIRONMENT Key figures Q1/2026 development EUR million Q1/2026 Q1/2025 Change Revenue 117.9 110.5 +6.7% • Operational efficiency supported stable Gross profit 20.4 20.8 -0.4 MEUR Personnel expenses 8.5 8.8 -2.4% underlying perform
Slide 9: Inventory Position Remained Controlled
INVENTORY POSITION REMAINED CONTROLLED Inventory (MEUR) +23% 80.8 70.3 72.5 65.9 64.9 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1/2026 development • Inventory levels increased in selected categories in anticipation of component price developments and pricing dynamics • Availability and pricing readin
Slide 10: Proactive Inventory Actions Impacted Q1 Cash Flow
PROACTIVE INVENTORY ACTIONS IMPACTED Q1 CASH FLOW Quarterly cash flow from operations (MEUR) Q1/2026 development -2.5 40 30 29.6 • Operating cash flow was decreased in Q1, primarily 20 reflecting a proactive inventory build-up 10 7.0 0 • Financial position and liquidity remained strong -0.3 -10 − Ne
Slide 11: Strategy Execution
STRATEGY EXECUTION 11
Slide 12: Strong Customer Adoption Continued to Drive Fast Delivery Growth
STRONG CUSTOMER ADOPTION CONTINUED TO DRIVE FAST DELIVERY GROWTH Quarterly volume of one-hour deliveries Q1/2026 development +97% • One-hour delivery volume increased by 97% year-on-year, with cumulative one-hour delivery orders exceeding 300,000 during Q1 • Fast delivery customer base increased by
Slide 13: International Sales Continued to Strengthen, Led by Sweden
INTERNATIONAL SALES CONTINUED TO STRENGTHEN, LED BY SWEDEN International revenue growth (MEUR) 60% Q1/2026 development 13.5 • International revenue increased by 60% to 13.5 MEUR, driven by strong growth in Sweden and continued momentum from key accounts in Central Europe • Revenue in Sweden more tha
Slide 14: Market Outlook and Guidance
MARKET OUTLOOK AND GUIDANCE 14
Slide 15: Market Outlook
MARKET OUTLOOK • General market demand is expected to recover only gradually in 2026 amid subdued consumer confidence • Private consumption is forecast to start growing during the year as real earnings increase and the labor market slowly strengthens, although the outlook remains subject to geopolit
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 and
Slide 17: Key Takeaways Q1 2026
KEY TAKEAWAYS Q1 2026 Resilient performance in a changing environment • Revenue Consumergrew year-on-year confidence despitefurther, weakened weakened consumer confidence and andintensified consumers competition were still cautious about purchasing • Despite discretionaryVerkkokauppa.com the environ
Slide 18: Verkkokauppa.com
VERKKO KAUPPA COM
Slide 19: Quarterly Key Figures
2026 2025 a a a2 a3 a4 at-os Revenue, eur milion 1179 1105 116.5 13121683 (526.5 Gross profit, eur millon 204 208 199-218 ord a8. Gross margin-% 17.3% 18.8% 17.1% 16.6% 16.3% 17.1% EBITDA, eur million 42 49 34 89 70 242 EBITDA-% 3.6% 4A% 3.0% 6.8% 4.1% 4.6% Operating result, eur milion 24 32 18 12 5
Slide 20: More Information
MORE INFORMATION Upcoming Financial Events Date Event 28 May 2026 Capital Markets Day 2026 16 July 2026 Half-year financial report for January – June 2026 22 October 2026 Interim report for January – September 2026 12 February 2027 Financial statements bulletin for the year 2026 Investor Relations C
Slide 21: Verkkokauppa.com
VERKKO KAUPPA COM