Komplett ASA: Annual report for 2024

Sandefjord, 21 March 2025: The board of directors of Komplett ASA has approved the annual accounts for 2024, and the annual report has been published today.

In 2024, Komplett Group has navigated challenging market conditions, which is reflected in the group’s financial performance. Throughout the year, the group has progressed with its strategic initiatives to expand into selected categories and segments, optimise the cost base, and leverage economies of scale, while maintaining a controlled financial position. Despite intense competition, the group has maintained high levels of customer satisfaction and retained a strong market position.

"Throughout the year, we have remained committed to our commercial initiatives and cost measures as laid out by our stated strategic priorities. By the end of the year, we had strengthened our brand recognition amongst customers, increased our presence in adjacent categories, such as the home category, while expanding our private label portfolio," says Komplett ASA CEO Jaan Ivar Semlitsch.

"Our commercial initiatives have been accompanied by accelerated actions throughout the group to adapt our cost base to the market environment. During the year, a process was initiated to consolidate the group’s logistics set-up in Sweden, and further actions to improve cost efficiency have been introduced after year-end," says Semlitsch.

The annual report is attached to this notice. In addition, the company has published its annual financial statements in European Single Electronic Format (ESEF). This document is also attached to this notice.

For further inquiries, please contact:

Thomas Røkke, CFO Thomas.Rokke@komplett.com

Kristin Hovland, Head of Communication Kristin.Hovland@komplett.com

About Komplett ASA

Komplett Group is a leading online-first electronics and IT products retailer, operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and distribution markets, the Group is deeply focused on delivering best-in-class customer experience, built through decades of knowhow, expertise and deep customer commitment. Komplett Group operates an efficient and scalable business model that supports cost leadership and enables a competitive product offering.