Verkkokauppa.com Oyj · OMXHEX:VERK
Verkkokauppa.com Oyj — H1 2026 Earnings Presentation
22 slides from Verkkokauppa.com Oyj's earnings presentation, Jul 16, 2026
Slide 1: Systematic Strategy Execution Delivered Growth and Improved Profitability
SYSTEMATIC STRATEGY EXECUTION DELIVERED GROWTH AND IMPROVED PROFITABILITY Verkkokauppa.com Oyj Half-year report for 1 January – 30 June 2026 16 July 2026 Panu Porkka, CEO
Slide 2: Half-Year 2026 Results
HALF-YEAR 2026 RESULTS 01 Operating environment 02 Q2 2026 performance 03 Strategy execution 04 Market outlook and guidance 05 Key takeaways 2
Slide 3: Operating Environment
OPERATING ENVIRONMENT 3
Slide 4: Consumer market remained subdued, with early signs of improvement towards quarter-end
CONSUMER MARKET REMAINED SUBDUED, WITH EARLY SIGNS OF IMPROVEMENT TOWARDS QUARTER-END Consumer confidence in Finland Q2/2026 development -7.6 -7.2 -7.2 -8.1 -6.8 -7.4 -8.2 -7.4 -6.4 -7.6 -6.6 -7.6 -6.5 -7.3 -5.3 • Consumer electronics market development in -10.3 -8.6 -8.4 -9.0 -8.4 -8.6 -8.7 -10.5 -
Slide 5: Q2 Performance
Q2 PERFORMANCE 5
Slide 6: Sustained revenue growth driven by B2B and international sales
SUSTAINED REVENUE GROWTH DRIVEN BY B2B AND INTERNATIONAL SALES Q2/2026 development Quarterly revenue (MEUR) +5.7% Verkkokauppa.com delivered 5.7% year-on-year 116.5 123.1 revenue growth in the second quarter, despite continued softness in consumer demand Key revenue growth drivers (year-on-year): •
Slide 7: Higher gross profit, resilient margin
HIGHER GROSS PROFIT, RESILIENT MARGIN Gross profit (MEUR) Q2/2026 development +0.6 MEUR 19.9 20.5 • Gross profit reached 20.5 MEUR (19.9), up 0.6 MEUR year-on-year, supported by revenue growth and continued commercial discipline • Gross margin at 16.6% (17.1%), year-on-year comparison impacted by th
Slide 8: Profitability improved on revenue growth and continued operational efficiency
PROFITABILITY IMPROVED ON REVENUE GROWTH AND CONTINUED OPERATIONAL EFFICIENCY Key figures Q2/2026 development EUR million Q2/2026 Q2/2025 Change Revenue 123.1 116.5 +5.7% • Profitability improved, supported by revenue Gross profit 20.5 19.9 +0.6 MEUR growth and continued operational efficiency Perso
Slide 9: Healthy inventory with improved turnover
HEALTHY INVENTORY WITH IMPROVED TURNOVER Inventory (MEUR) -0.6% 80.8 70.3 72.5 69.9 64.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2/2026 development • Inventory at last year's level at 69.9 MEUR (70.3), and below Q1 2026 level • Inventory turnover improved clearly during the quarter, reflecting disc
Slide 10: Solid cash flow, financial position remained strong
SOLID CASH FLOW, FINANCIAL POSITION REMAINED STRONG Quarterly cash flow from operations (MEUR) Q2/2026 development 40 30 29.6 +7.1 MEUR • Operating cash flow was 6.8 MEUR (-0.3) 20 • Financial position and liquidity remained strong 10 7.0 6.8 0 − Net debt was 12.2 MEUR and -12.4 MEUR -10 -0.3 exclud
Slide 11: Strategy Execution
STRATEGY EXECUTION 11
Slide 12: Fast delivery volumes surpassed one million cumulative orders
FAST DELIVERY VOLUMES SURPASSED ONE MILLION CUMULATIVE ORDERS Q2/2026 development Quarterly volume of fast deliveries • Fast delivery volume increased by +45% 45% year-on-year, with cumulative fast delivery orders exceeding one million • Fast delivery customer base increased by 65% year-on-year, sup
Slide 13: International sales up by 63%, Sweden more than doubled
INTERNATIONAL SALES UP BY 63%, SWEDEN MORE THAN DOUBLED International revenue growth (MEUR) Q2/2026 development 63% 14.1 • International revenue increased by 63%, driven by a broader assortment, stronger presence on partner marketplaces, and improved delivery capabilities • Positive development in t
Slide 14: Strategy execution internationally recognized during the quarter
STRATEGY EXECUTION INTERNATIONALLY RECOGNIZED DURING THE QUARTER CANNES LIONS 2026* OMNICHANNEL INDEX 2026** Verkkokauppa.com won a Silver Lion at Cannes for TikTok Currency – Ranked leading electronics retailer in Europe and third overall The Viral Payback campaign #1 #1 #3 FINLAND ELECTRONICS OVER
Slide 15: Market Outlook and Guidance
MARKET OUTLOOK AND GUIDANCE 15
Slide 16: Market Outlook
MARKET OUTLOOK • General market demand is expected to recover gradually in 2026, supported by early signs of improving consumer confidence • Private consumption is forecast to start growing during the year as real earnings increase and labor market conditions gradually normalize • Competition is exp
Slide 17: 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 18: Key Takeaways Q2 2026
KEY TAKEAWAYS Q2 2026 Sustained growth with early signs of improving market conditions • Revenue grew by 5.7% year-on-year despite continued softness in consumer demand, driven by strong growth in B2B and international sales Consumer confidence weakened further, • Verkkokauppa.com and consumers were
Slide 19: Q&A with Management
Q&A WITH MANAGEMENT Panu Porkka Jesper Blomster Elisa Forsman CEO CFO Head of IR
Slide 20: Quarterly Key Figures
Revenue, MEUR profit, MEUR Gross margin-% EBITDA, MEUR EBITDA. Operating result, MEUR Operating margin.% Comparable operating result, MEUR Comparable operating margin-% Net result, MEUR Gro Revenue distribution by customer segment**: Consumers MEUR 828 (incl. Wholesale), MEUR Interest-bearing net de
Slide 21: More Information
MORE INFORMATION Upcoming Financial Events Date Event 22 October 2026 Interim report for January – September 2026 12 February 2027 Financial statements bulletin for the year 2026 Investor Relations Contact Elisa Forsman Head of Investor Relations & Corporate Communications Mobile +358 44 206 6094 E-
Slide 22: Verkkokauppa.com
VERKKO KAUPPA COM