Finland's Verkkokauppa Q1 revenue rises less than expected

Verkkokauppa.com Oyj

23/04/2026 06:14

Overview

Finland online electronics retailer's Q1 revenue grew 6.7% yr/yr but missed analyst expectations

Gross margin fell to 17.3% from 18.8% due to tough comparison and divestment impact

Company maintained 2026 guidance for revenue and comparable EBIT growth amid market uncertainty

Outlook

Verkkokauppa.com expects 2026 revenue and comparable operating result to increase from 2025

Company says guidance includes uncertainties related to consumer purchasing power and behavior

Verkkokauppa.com notes results depend largely on fourth-quarter sales due to seasonality

Result Drivers

HOME APPLIANCES AND IT GROWTH - Revenue growth was primarily driven by strong performance in home appliances and IT categories, supported by the ongoing computer replacement cycle

INTERNATIONAL SALES - International sales rose significantly, with particularly strong growth in Sweden

MARGIN PRESSURE - Gross margin declined due to a tough comparison period, divestment of the consumer financing business, and intensified price competition amid softer consumer demand

Company press release: ID:nMFN4g8yM6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 117.90 mln
EUR 123.25 mln (4 Analysts)
Q1 Gross Margin
17.30%
Q1 Comparable EBIT
EUR 2.50 mln
Q1 Comparable EBIT Margin
2.10%
Q1 EBITDA
EUR 4.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy"

Wall Street's median 12-month price target for Verkkokauppa.com Oyj is €4.00, about 33.3% above its April 22 closing price of €3.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)