Finland's Verkkokauppa Q2 revenue beats estimates on B2B, international demand

Verkkokauppa.com Oyj

16/07/2026 06:09

Overview
Finland electronics retailer's Q2 revenue rose 5.7%, beating analyst expectations
Gross margin declined to 16.6% due to consumer finance divestment and higher campaign activity
In May, company launched EUR 5 mln share buyback and distributed second quarterly dividend installment

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 says business is seasonal, with Q4 sales key to annual results

Result Drivers
B2B AND INTERNATIONAL SALES - Co said Q2 revenue growth was driven by strong B2B and international sales, especially in Sweden
GROSS MARGIN PRESSURE - Gross margin declined due to the divestment of the consumer financing business and elevated campaign activity
OPERATIONAL EFFICIENCY - Comparable operating expenses decreased year-on-year, supported by cost discipline and the consumer finance divestment

Company press release: ID:nMFN1YsKVt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
EUR 123.10 mln
EUR 121.10 mln (4 Analysts)
Q2 Gross Margin
 
16.60%
 
Q2 Comparable EBIT
 
EUR 2.40 mln
 
Q2 Comparable EBIT Margin
 
2.00%
 
Q2 EBITDA
 
EUR 4.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 €3.55, about 11.3% above its July 15 closing price of €3.19
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 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.)