Verkkokauppa.com Oyj · OMXHEX:VERK
Verkkokauppa.com Oyj — Q2 2025 Earnings Presentation
23 slides from Verkkokauppa.com Oyj's earnings presentation, Jul 17, 2025
Slide 1: Strong Performance in a Cautiously Recovering Market
STRONG PERFORMANCE IN A CAUTIOUSLY RECOVERING MARKET Verkkokauppa.com Oyj – January-June 2025 half-year report 17 July 2025 | Panu Porkka, CEO | Verkkokauppa.com Oyj
Slide 2: Q2 2025 Results
Q2 2025 RESULTS 01 Market development 02 Q2 2025 performance 03 Strategy execution 04 Market outlook and guidance 05 Key takeaways 2
Slide 3: Market Development
MARKET DEVELOPMENT 3
Slide 4: Indicators of Recovery in Consumer Electronics Retail During Q2 2025
INDICATORS OF RECOVERY IN THE CONSUMER ELECTRONICS RETAIL DURING Q2 2025 Consumer confidence in Finland Q2/2025 development • Consumer confidence along with expectations on unemployment remained negative overall, although expectations for their own financial situation 12 months ahead improved compar
Slide 5: Q2 Performance
Q2 PERFORMANCE 5
Slide 6: Strong Revenue Growth in the Second Quarter
STRONG REVENUE GROWTH IN THE SECOND QUARTER Quarterly revenue (MEUR) Q2/2025 development • The second quarter of the year continued strong with revenue +10.4% reaching 116.5 MEUR (105.5) marking a 10.4% YoY topline increase 116.5 105.5 • Revenue grew particularly in the company’s strategic focus are
Slide 7: Margin Improvement for Third Consecutive Quarter
MARGIN IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER Gross profit (MEUR) +15% Q2/2025 development 17.3 19.9 • Continuation of clear improvement in gross profit for third consecutive quarter • Gross profit was 19.9 MEUR (17.3) and increased by 2.6 MEUR compared to previous year • Gross margin improved to
Slide 8: Profitability Continued to Improve
PROFITABILITY CONTINUED TO IMPROVE Key figures Q2/2025 development EUR million Q2/2025 Q2/2024 Change Revenue 116.5 105.5 +10,4% • Profitability improvement driven by sales increase, Gross profit 19.9 17.3 +2.6 meur solid margin and cost efficiency Personnel expenses 8.5 9.3 -8,4% Other operating ex
Slide 9: Healthy Inventory Turn
HEALTHY INVENTORY TURN Inventory (MEUR) 70.5 70.3 65.3 65.9 51.1 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2/2025 development • Inventory was on last year’s level at 70.3 MEUR (70.5) • Inventory is on a healthy level, preparations started for upcoming season 9
Slide 10: Continued Solid Financial Position
CONTINUED SOLID FINANCIAL POSITION Cash flow from operations (MEUR) Q2/2025 development 2.2 • The cash flow from operations totaled -0.3 MEUR (2.2) • Equity ratio improved to 18.3 percent (15.7%) • Cash at hand was 16.1 MEUR (16.3) at the end of June 2025 -0.3 Q2 2024 Q2 2025 • Investments amounted
Slide 11: Consumer Finance to Walley, Strengthens Balance Sheet and Supports Long-Term Goals
CONSUMER FINANCE TO WALLEY, STRENGTHENS BALANCE SHEET AND SUPPORTS LONG-TERM GOALS • We have signed an agreement to sell our consumer financing business to Norion Bank AB and its payment solutions business unit Walley • The preliminary purchase price is approx. EUR 34 million, the final purchase pri
Slide 12: Strategy Execution
STRATEGY EXECUTION 12
Slide 13: Fast Deliveries Increasing, Further Facilitating the Shift to Online
FAST DELIVERIES INCREASING, FURTHER FACILITATING THE SHIFT TO ONLINE WITH GREAT CUSTOMER EXPERIENCE To revolutionize retail, we will set new standards on delivery speed and effortless shopping experience Quarterly volume of one-hour deliveries • One-hour deliveries continued to grow 2025 One-hour de
Slide 14: Growth in the Sales of Own Brands Continues
GROWTH IN THE SALES OF OWN BRANDS CONTINUES Own brand share of sales Q2 2025 • In line with our strategy, we aim to grow in our 7.9% own brands and aiming to increase overall gross margin 7.2% • Our goal during the strategy period is to increase the share of own brands in revenue to 10 percent by en
Slide 15: New Markets Growth Continued
NEW MARKETS GROWTH CONTINUED Q2/2025 development • International sales grew by +40.5% YoY • Strong continuation of sales through European partners, contributing significantly to international growth. Overall good momentum in Nordics sales. • Amazon Sweden sales opened in the later part of Q2 while s
Slide 16: Market Outlook and Guidance
MARKET OUTLOOK AND GUIDANCE 16
Slide 17: Market Outlook
MARKET OUTLOOK • The general market demand is expected to remain cautious during the second half of the year due to uncertainties impacting the consumer confidence • Despite uncertainties, the private consumption is forecasted to recover as purchasing power strengthens. Purchasing power is supported
Slide 18: Guidance for 2025 - Unchanged
GUIDANCE FOR 2025 - UNCHANGED Verkkokauppa.com expects its revenue and comparable operating result for 2025 to increase. In 2024, the company's revenue was EUR 467.8 million and comparable operating result was EUR 1.8 million. Guidance includes uncertainties related to changes in purchasing power an
Slide 19: Key Takeaways Q2 2025
KEY TAKEAWAYS Q2 2025 • Solid continuations of operational and Consumer confidence weakened further, strategic performance in a cautiously recovering and consumers market were still cautious about purchasing • Strong discretionary topline growth and products market share gains • Significant profitab
Slide 20: Verkkokauppa.com
VERKKO KAUPPA COM
Slide 21: Quarterly Key Figures
QUARTERLY KEY FIGURES 2025 2024 1-02) @1.c4 a 2005 a a2 ast 2024 Revenue, eur milion 1105 1165 2270 © 1080 10551142 14024678 Gross profit, eur milion 28 199 407 87 173166 = 33758 Gross margin-% 188% 17.1% 179% 17.3% 164% 14.5% 16.6% 16.2% EBITDA, eur milion 493483 13°92 18 4778 EBITDA 44% 30% «3.7%
Slide 22: More Information
MORE INFORMATION Upcoming Financial events • 23 October 2025: Interim report Investor Relations contacts for January – September 2025 Jesper Blomster, CFO • 12 February 2026: Financial jesper.blomster@verkkokauppa.com statements bulletin for the year 2025 Panu Porkka, CEO panu.porkka@verkkokauppa.co
Slide 23: Verkkokauppa.com
VERKKO KAUPPA COM