Verkkokauppa.com Oyj · OMXHEX:VERK
Verkkokauppa.com Oyj — Q1 2023 Earnings Presentation
20 slides from Verkkokauppa.com Oyj's earnings presentation, May 26, 2023
Slide 1: Moderate revenue development in a tough environment
Verkkokauppa.com Oyj – January-March 2023 Interim Report Moderate revenue development in a tough environment Investor presentation arranged by Danske Bank 26 May 2023 | Panu Porkka, CEO | Verkkokauppa.com Oyj
Slide 2: Consumer confidence was very weak – slow rise in March
Consumer confidence was very weak – slow rise in March Inflation 2021-03/2023 • Consumers’ expectations concerning Finland’s economy 10.0 improved slightly and consumer trust index and sentiment 9.0 8.0 upon own economy increased during Q1. 7.0 6.0 • The time was still regarded as unfavorable for bu
Slide 3: Q1 2023 performance
Q1 2023 performance
Slide 4: Demand continued at a moderate level in both consumer and B2B segments
Demand continued at a moderate level in both consumer and B2B segments 2022 2023 Q1/2023 development Q1 Q2 Q3 Q4 Q1 Group revenue declined by 2.2% YoY and was EUR 122.0 million (124.8) 154.9 Revenue, 137.8 124.8 125.7 122.0 Customer segments EUR million 33.0 28.9 › Consumer segment declined by 4.4.%
Slide 5: Solid gross margin driven by price and campaign optimization
Solid gross margin driven by price and campaign optimization 2022 2023 Q1/2023 development Q1 Q2 Q3 Q4 Q1 Gross profit was strong, increased by 5.1% YoY, and totaled EUR 20.2 million (19.3) and 16.6% 15.4% 15.4% 14.6% 16.6% of revenue (15.4%) 14.1% Gross profit and +5.1% margin, EUR million 21.9 › E
Slide 6: Strategy execution
y Verkkokauppa | Strategy execution
Slide 7: The company is focusing on short-term profitability program, which is proceeding as planned
The company is focusing on short-term profitability program, which is proceeding as planned Profitability improvement program: Q1: On target according to plan capture full potential of core business quarterly estimate of impact timing EUR 5-8 Operational performance & Commercial excellence Actual Ta
Slide 8: Q1/2023 highlights in new strategic capabilities
Q1/2023 highlights in new strategic capabilities First version of dynamic pricing solution integrated Assortment Introduced new product line of used computers Inspirational Online Experience: new online frontpage and product category pages launched Experience One-hour express home delivery service s
Slide 9: Market outlook and guidance
Market outlook and guidance
Slide 10: Market outlook and short-term expectations
Market outlook and short-term expectations • There is uncertainty about the future outlook in relation to geopolitical conflicts in the world and the ongoing crisis in Ukraine • Global macroeconomic factors such as inflation and financial market behavior can weaken consumer and company purchasing po
Slide 11: Financial guidance for 2023 – unchanged
Financial guidance for 2023 – unchanged In 2023, Verkkokauppa.com expects the revenue to decline and comparable EBIT to improve compared to 2022. Revenue in 2022: EUR 543.1 million Comparable EBIT in 2022: EUR 3.5 million 18 25.5.2023
Slide 12: Key takeaways
Key takeaways
Slide 13: Key takeaways from the 1st quarter of 2023
Key takeaways from the 1st quarter of 2023 › Consumers' confidence in the economy › The largest renewal of our online site is has shown a slight rise but has remained progressing well low › Strategic development work ongoing as › We completed the change negotiations planned (Trade-in, Account, Expre
Slide 14: Thank you
Thank you
Slide 15: Annual Reporting package for 2022 has been published
22 Annual Reporting package for 2022 has been published Verkkokauppa.com has published four separate reports, which together form the company’s Annual reporting for 2022 1. Company brochure 2. Report of the Board of Directors and the Financial Statements 3. Statement of non-financial information 4.
Slide 16: More information
More information Upcoming Financial Investor Relations Links events contacts Visit our Investors website www.verkinvest.com Marja Mäkinen Head of Investor Relations & Half-year financial report for January – June 2023 on 20 Corporate Communications Join the mailing list for Company July 2023 marja
Slide 17: Disclaimer
This document is not an invitation to subscribe for or purchase any securities or make any investment decisions in respect of the Company or its securities. This document is not for publication or distribution, directly or indirectly, in or into Australia, Canada, the Hong Kong special administrativ
Slide 18: Appendix
Verkkokauppa PROBABLY ALWAYS CHEAPER Com
Slide 19: Quarterly Key figures
Quarterly Key figures 2023 2022 Q1-Q4 Q1 Q1 Q2 Q3 Q4 2022 Revenue, eur million 122.0 124.8 125.7 137.8 154.9 543.1 Gross profit, eur million 20.2 19.3 19.4 20.1 21.9 80.6 Gross margin-% 16.6% 15.4% 15.4% 14.6% 14.1% 14.8% EBITDA, eur million 1.6 2.0 0.5 3.2 2.2 7.8 EBITDA-% 1.3% 1.6% 0.4% 2.3% 1.4%
Slide 20: Slide 20