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VERK - Oyj News Story

€9.1 -0.0  -0.4%

Last Trade - 09/04/21

Consumer Cyclicals
Mid Cap
Market Cap £353.1m
Enterprise Value £334.7m
Revenue £480.5m
Position in Universe 570th / 1831 announces its refined strategy for the period 2021–2025

Fri 12th February, 2021 5:45am
For best results when printing this announcement, please click on link below: Oyj        Stock Exchange Release
                         February 12, 2021 at 07:45
EET announces its refined strategy for the period 2021–2025 Oyj, a pioneer of ecommerce, is refining its strategy for the
period 2021–2025. With the refined strategy, aims for a
revenue of one billion euro and a 5% EBIT margin by the end of 2025. At the
same time, will continue its policy of distributing a
quarterly growing dividend to shareholders.’s vision is to remain as a pioneer of ecommerce also in the
next decades through continuous innovation and development. The company’s
future growth will be built on five pillars:

      1.     Excellent customer experience and strong brand. has more than 1.7 million registered customers. The
company’s more than 400,000 customer reviews, over 115,000 monthly active
customers, NPS score of 70 and a product return rate of only 1.0% are
testimonial to the’s continuous investments into the best
possible customer experience.

      2.     Efficient fulfilment. Today,’s
delivery next day network covers already 75% of Finns. The company is
continuously improving its delivery options further with stores acting as
logistic hubs.

      3.     Superior technology backbone. Thanks to inhouse
technology expertise provided by a team of skilled IT professionals, the
company has an advanced technology platform on top of which to build new
services and features in order to provide the best possible customer

      4.     Extensive assortment. offers the
widest assortment in its chosen categories in Finland. Highly transparent
product information and fair pricing are important elements of company’s
customer promise of “Probably always cheaper prices”.

      5.     Cost competitiveness. The company aims to push its
fixed costs below 10% of revenue by 2025 through targeted investments into
logistics, processes and automation, supply chain and product management, as
well as marketing.

Road to one billion is seeking growth both within its core categories as well as
by expanding into new categories with attractive margin potential, especially
online. Additionally, the company sees attractive growth opportunities in the
B2B segment, private labelling and in value added services. The company’s
aim is to double its B2B and private label business by 2025. In addition, is looking for potential new business and M&A opportunities,
especially among local complementary ecommerce companies.’s refined strategy describes the future growth path, which
is primarily organic and driven by the accelerating transition from
brick-and-mortar stores to online. “Our purpose is to empower customers to
follow their passion,” says Panu Porkka, CEO, “We are
proud to be the pioneer of ecommerce and the best-known and most-visited
webstore in Finland. is in an excellent position to benefit
from the ongoing online shift. With our dedicated and entrepreneurial
employees, we are now ready to execute our refined strategy and become a
billion-euro business by 2025, while always delivering on our customer promise
of Probably always cheaper prices.”

Jätkäsaari logistics automation investment program

As strategic initiative enabling the future growth is the Jätkäsaari
logistics automation investment program. The investment will bring an upgrade
to the Jätkäsaari warehouse operations, introducing a new warehouse
automation system, packaging automation and a vertical conveyor system. This
investment will enable future growth and create cost efficiencies as well as a
better customer experience through improved product availability and faster
delivery. The estimated value of the capital expenditure is approximately EUR
4 million, and it is expected to be completed by the end of 2022. The
investment will make the Jätkäsaari warehouse a best-in-class, automated
urban logistics hub in Helsinki.

For more information, please contact:

Panu Porkka
Tel. +358 10 309 5555

Mikko Forsell
Tel. +358 50 434 2516


Nasdaq Helsinki
Principal media in short is Finland’s most popular and most visited Finnish online
retailer, with the aim to sell to products to its customer at probably always
cheaper prices. Depending on the season, the Company markets, sells, and
distributes some 60,000–70,000 products in 26 different main product
categories through its webstore, retail stores, and network of pick-up points.
The Company has four megastores: in Oulu, Pirkkala, Raisio, and Helsinki, in
addition to which products can be collected at more than 3,000 pick-up points. was founded in 1992 and it is headquartered in Jätkäsaari,
Helsinki. The Company’s shares are listed on the official list of Nasdaq
Helsinki under the ticker symbol VERK
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