Q2-25: Steady sales with margin uplift in improving markets
Igår, 07:00
Q2-25: Steady sales with margin uplift in improving markets
Sandefjord, 17 July 2025: Improved market dynamics and new product launches contributed to stable revenues in the second quarter, despite sales being held back by volume trade-offs and consolidation measures in the Swedish businesses. Gross margins showed a clear increase compared to the previous year, while the positive impact from cost and efficiency measures will increase into the second half of the year.
Operating revenue increased by 0.4 per cent in the second quarter of 2025, from NOK 3 418 million to NOK 3 431 million (-2.5 per cent in constant currency). Markets developed positively in both Norway and Sweden, although the Swedish operations were temporarily affected by volume rebalancing and consolidation of the logistics and back-office set-up in the quarter.
The gross margin reached 14.6 per cent in the second quarter, representing a 1.6 pp uplift from the same period of 2024, resulting in a 12.3 per cent improvement in gross profit (+8.3 per cent in constant currency). The margin performance reflects a rebalanced campaign and price policy, a more normalised pricing environment compared with last year, and positive mix effects generated by tactical and strategic measures.
Adjusted operating expenses, being amplified by currency effects, increased by 7.2 per cent (+3.5 per cent in constant currency) in the period. The underlying real increase reflected commercial expansion measures and selected marketing investments, as well as general cost inflation.
EBIT adj. amounted to negative NOK 22 million in the second quarter of 2025, representing a modest improvement from negative NOK 38 million in the same period of 2024.
The restructuring measures in Norway and consolidation processes in Sweden involved one-off costs totalling NOK 29 million in the quarter. The positive effects from the group’s commercial and cost initiatives are expected to gradually increase into the second half of 2025, along with further cost and optimisation measures being launched in the third quarter.
At the end of June, the group’s leverage ratio, defined as NIBD / LTM EBITDA (adjusted for certain items), was 3.8x. The leverage remains in line with the temporarily raised covenant levels previously agreed with the group’s financing partners for Q2 2025.
In June, it was announced that Ros-Marie Grusén has been appointed new CEO of Komplett Group, effective from 1 August 2025.
“In the second quarter of 2025, we continued to see an improved market environment with positive impact from new product launches. Gross margins showed a clear increase compared to the previous year, and our commercial initiatives along with our cost savings measures are moving ahead as planned.” says Jaan Ivar Semlitsch, President and CEO of Komplett ASA.
“Looking ahead, we expect continued positive impact from innovations coming online,with larger volumes being released in the second half of the year. Improving macroeconomic forecasts suggest a still positive market momentum, although consumer sentiment is still characterised by cautiousness and uncertainty,” Semlitsch adds.
The presentation material and report for the second quarter of 2025 are attached to this notice.
A presentation of the results will be held by CEO Jaan Ivar Semlitsch and CFO Thomas Røkke at 09:00 CEST in Storstua at Sommerro, Sommerrogata 1, Oslo.
The event will also be made available via a live webcast. Please use the following link to register and view the webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20250717_3/
Questions will be addressed towards the end of the presentation. A recorded version of the webcast will be available shortly after the webcast has concluded.
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.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Elise Heidenreich, Investor Relations adviser, at the date and time as set out above.
Ämnen i artikeln
Q2-25: Steady sales with margin uplift in improving markets
Igår, 07:00
Q2-25: Steady sales with margin uplift in improving markets
Sandefjord, 17 July 2025: Improved market dynamics and new product launches contributed to stable revenues in the second quarter, despite sales being held back by volume trade-offs and consolidation measures in the Swedish businesses. Gross margins showed a clear increase compared to the previous year, while the positive impact from cost and efficiency measures will increase into the second half of the year.
Operating revenue increased by 0.4 per cent in the second quarter of 2025, from NOK 3 418 million to NOK 3 431 million (-2.5 per cent in constant currency). Markets developed positively in both Norway and Sweden, although the Swedish operations were temporarily affected by volume rebalancing and consolidation of the logistics and back-office set-up in the quarter.
The gross margin reached 14.6 per cent in the second quarter, representing a 1.6 pp uplift from the same period of 2024, resulting in a 12.3 per cent improvement in gross profit (+8.3 per cent in constant currency). The margin performance reflects a rebalanced campaign and price policy, a more normalised pricing environment compared with last year, and positive mix effects generated by tactical and strategic measures.
Adjusted operating expenses, being amplified by currency effects, increased by 7.2 per cent (+3.5 per cent in constant currency) in the period. The underlying real increase reflected commercial expansion measures and selected marketing investments, as well as general cost inflation.
EBIT adj. amounted to negative NOK 22 million in the second quarter of 2025, representing a modest improvement from negative NOK 38 million in the same period of 2024.
The restructuring measures in Norway and consolidation processes in Sweden involved one-off costs totalling NOK 29 million in the quarter. The positive effects from the group’s commercial and cost initiatives are expected to gradually increase into the second half of 2025, along with further cost and optimisation measures being launched in the third quarter.
At the end of June, the group’s leverage ratio, defined as NIBD / LTM EBITDA (adjusted for certain items), was 3.8x. The leverage remains in line with the temporarily raised covenant levels previously agreed with the group’s financing partners for Q2 2025.
In June, it was announced that Ros-Marie Grusén has been appointed new CEO of Komplett Group, effective from 1 August 2025.
“In the second quarter of 2025, we continued to see an improved market environment with positive impact from new product launches. Gross margins showed a clear increase compared to the previous year, and our commercial initiatives along with our cost savings measures are moving ahead as planned.” says Jaan Ivar Semlitsch, President and CEO of Komplett ASA.
“Looking ahead, we expect continued positive impact from innovations coming online,with larger volumes being released in the second half of the year. Improving macroeconomic forecasts suggest a still positive market momentum, although consumer sentiment is still characterised by cautiousness and uncertainty,” Semlitsch adds.
The presentation material and report for the second quarter of 2025 are attached to this notice.
A presentation of the results will be held by CEO Jaan Ivar Semlitsch and CFO Thomas Røkke at 09:00 CEST in Storstua at Sommerro, Sommerrogata 1, Oslo.
The event will also be made available via a live webcast. Please use the following link to register and view the webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20250717_3/
Questions will be addressed towards the end of the presentation. A recorded version of the webcast will be available shortly after the webcast has concluded.
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.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Elise Heidenreich, Investor Relations adviser, at the date and time as set out above.
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