Half Year 2025 Verkkokauppa.com Oyj Earnings Call Transcript
Key Points
- Verkkokauppa.com Oyj (FRA:15V) reported a strong revenue development with a 10.4% growth, marking the first double-digit growth in many months.
- The company's online sales grew by 16%, and B2B consumer sales increased by 10%, contributing positively to overall revenue.
- International sales outside of Finland grew by over 40%, indicating successful expansion efforts.
- The company achieved a significant improvement in margins due to strategic partnerships, dynamic pricing, and healthy inventory levels.
- Fast delivery capabilities have been enhanced, with delivery volumes growing by 30% and customer satisfaction (NPS) reaching 80.
- Consumer uncertainties persist in the Finnish market, with discretionary shopping considered unfavorable.
- The Finnish GDP is not expected to recover strongly, limiting economic growth support.
- The summer season sales did not meet expectations due to unusually cold weather, impacting certain product categories like AC devices.
- Cash flow slightly decreased from the previous year due to inventory ramp-up for the upcoming season.
- The equity ratio is not yet at the desired level, although it is moving in the right direction.
Good morning, and welcome to our webcast on second-quarter report. If you have any questions, please feel free to send them to [email protected]. And questions will be then answered at the end of the presentation. Today, joining with me and available for questions, CFO, Jesper Blomster.
As always, I will start my presentation with the market and operating environment, then a few highlights out of the report of this morning on financials and strategy execution, then outlook for the rest of the year, key takeaways and questions, if there are any. So let me start with the operating environment.
We have been pretty much operating in the same kind of surroundings here in the Finnish market for the last quarters and years. We have been facing consumer uncertainties. We saw a small improvement in consumers' outlook on their own economics going 12 months ahead. But still, this time being is considered extremely unfavorable for discretionary shopping.
Also from the macroeconomic side,
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