Finland's Verkkokauppa Q3 revenue misses estimates on weak demand

Verkkokauppa.com Oyj

22/10/2026 06:19

Overview
Finland online electronics retailer's Q3 revenue grew 2.1% but missed analyst expectations
Comparable EBIT improved year-on-year, while gross margin rose slightly to 16.7%
Growth driven by international and B2B sales; consumer sales declined amid cautious demand

Outlook
Verkkokauppa.com maintains 2026 guidance for revenue and comparable operating result to increase
Company says guidance includes uncertainties related to consumer purchasing power and behavior
Verkkokauppa.com notes business is seasonal, with Q4 sales and result being significant

Result Drivers
INTERNATIONAL AND B2B SALES - Co said Q3 revenue growth was driven by strong international sales, especially in Sweden, and double-digit growth in B2B sales
CONSUMER DEMAND WEAKNESS - Co said consumer sales declined due to a strong comparison period, intense competition and continued caution among households
GROSS MARGIN IMPROVEMENT - Co attributed higher gross margin to dynamic pricing, better supplier terms, well-timed purchasing, focused category management, and improved own brand profitability

Company press release: ID:nMFN7VXcBM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
EUR 133.90 mln
EUR 137.05 mln (4 Analysts)
Q3 Gross Margin
 
16.70%
 
Q3 Comparable EBIT
 
EUR 4.70 mln
 
Q3 Comparable EBIT Margin
 
3.50%
 
Q3 EBITDA
 
EUR 6.40 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 5.3% above its October 21 closing price of €3.80
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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Oct 21 - France's Fnac Darty Q3 revenue rises on strong European growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)