Verkkokauppa.com Oyj (FRA:15V)
€ 3.065 +0.010 (+0.33%) Market Cap: 140.78 Mil Enterprise Value: 155.47 Mil PE Ratio: 11.45 PB Ratio: 3.41 GF Score: 72/100

Q4 2024 Verkkokauppa.com Oyj Earnings Call Transcript

Feb 6, 2025 / 09:00 AM GMT
Release Date Price: €1.62 (-1.81%)

Key Points

Positve
  • Verkkokauppa.com Oyj (OHEL:VERK) achieved a significant improvement in gross margin, reaching 16.6% during the fourth quarter, one of the highest levels reported.
  • The company successfully reduced inventory levels, allowing for better purchasing terms and avoiding the need for significant write-offs.
  • Online sales outperformed the market, with own brand sales growing by almost 20%, indicating strong brand performance.
  • The company's cash flow improved by almost 20% from previous year levels, reflecting strong financial management.
  • International sales grew by 2%, showing positive momentum outside the Finnish market, particularly in Sweden and Denmark.
Negative
  • Total revenue declined by 6.9%, primarily due to low consumer confidence and reduced demand in discretionary categories such as TVs, mobiles, and gaming.
  • The Finnish market remains challenging, with consumer confidence in personal economics and employment decreasing.
  • The first half of the year is expected to be tough, with improvements anticipated only in the second half.
  • Despite a strong cash position, the company is not satisfied with the absolute level of equity ratio.
  • The demand for discretionary shopping remains low, impacting overall revenue and growth potential.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VERK.HE - Verkkokauppa.com Oyj
Q4 2024 Verkkokauppa.com Oyj Earnings Call
Feb 06, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Beerco Copper dotcom Q4 presentation.

If you have any questions during the presentation, please feel free to send them to investors at BCO Copper dotcom. And questions will be then handled at the end of end of the presentation today. Joining with me and also available for questions, Co Jasper Bloom.

As always, I will start my presentation first on the market that we were facing during the fourth quarter. Then some highlights out of the report of this morning. Few few words about a company strategy execution. And before the end, we have also market outlook and guidance for this year.

So let me start with the market environment. We have been operating pretty much in the same kind
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