Komplett Asa · OSL:KOMPL
Komplett Asa — Q3 2026 Earnings Presentation
21 slides from Komplett Asa's earnings presentation, Oct 22, 2026
Slide 1: Third Quarter 2026
22 October 2026 Third Quarter 2026 Vebjørn Torsetnes, CEO Thomas Røkke, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Komplett ASA (the “Company”) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our c
Slide 3: Agenda
Agenda 01 02 03 04 05 Highlights Operational Financial Summary Appendix for Q3-26 update performance and outlook 3
Slide 4: Highlights for Q3-26
01 Highlights for Q3-26 Vebjørn Torsetnes, CEO
Slide 5: Navigating continued headwinds
Highlights Navigating continued headwinds Operating revenue: Gross margin: NOK 3 642 million 13.3 per cent Q3-25: NOK 3 842 million Q3-25: 13.9 per cent Gross margin performance Underlying positive reflected margin pressure in developments overshadowed the components and gaming by volume shortfalls
Slide 6: Operational update
02 Operational update Vebjørn Torsetnes, CEO
Slide 7: Celebrating 30 years – engagement and efficiency
Komplett Celebrating 30 years – engagement and efficiency • Celebrating 30 years as a Nordic e-commerce pioneer, with anniversary campaigns • Continued category rebalancing while maintaining disciplined sales management • Strengthening our position in core categories through activities for gaming en
Slide 8: Continued development of stores and customer experience
NetOnNet Continued development of stores and customer experience • Continued rollout of upgraded store concept and MDA departments • Service offering expanded through launch of new customer financing solutions • Further improvements to the digital customer journey and omnichannel functionality • Con
Slide 9: Commercial progress in marketing, services and private label
Webhallen Commercial progress in marketing, services and private label • Online marketing continues to deliver improved efficiency and return on investment • Further enhancement of the service offering across both online and retail channels • Five-year warranty offering successfully added to the onl
Slide 10: Financial performance
03 Financial performance Thomas Røkke, CFO
Slide 11: Managing category headwinds
Key financials Managing category headwinds • Revenue decline of 5.2 per cent (-1.7 per cent LFL), reflecting negative phasing and continued headwinds in gaming Revenue Gross profit - Additional impact from a weaker product launch cycle than last year, 3 842 -5.2% 534 -9.0% as well as negative sales
Slide 12: Cost discipline amid headwinds
B2C Cost discipline amid headwinds 3 896 • Revenues down 9.2 per cent YoY (-4.6 per cent LFL) Revenue (NOK million) - Operations in Norway had a decline of 8.8 per cent, while revenues Gross margin (%) declined by 1.6 per cent in Sweden and by 24.4 per cent in Denmark 2 686 2 557 2 350 2 440 (LFL, Y
Slide 13: Sales and profit improvement
B2B Sales and profit improvement 478 436 412 Revenue (NOK million) • Revenue increase of 9.7 per cent (+10.5 per cent LFL) 387 Gross margin (%) 351 - Growth driven by stronger performance in Norway with 11.2 per cent growth, 3.1 per cent in Sweden (LFL, YoY) - Stable underlying demand supported by i
Slide 14: Steady progress
Distribution Steady progress 824 Revenue (NOK million) • Revenue growth of 0.7 per cent (+1.1 per cent LFL) 720 725 664 667 Gross margin (%) - Revenue decline of 0.1 per cent in Norway, while Sweden had an increase of 23.9 per cent (YoY, LFL) - Year-over-year development in Norway supported by deman
Slide 15: Improved working capital through active inventory management
Cash flow and working capital Improved working capital through active inventory management Cash flow Q3-26 Q3-25 YTD-26 YTD-25 FY-25 • Net cash flow from operations reflected an increase in trade payables of NOK 150 million, countered by an increase in Net cash flow from operating accounts receivabl
Slide 16: Controlled financial position
Financial position Controlled financial position • Continued solid liquidity reserve of NOK ~1.0 bn Liquidity reserve Net interest-bearing debt - Comprises available cash of NOK 127 million and undrawn credit 1 169 1 205 1 174 facilities 1 027 -31m -142m • Net interest-bearing debt relatively stable
Slide 17: Summary and outlook
04 Summary and outlook Vebjørn Torsetnes, CEO
Slide 18: Mitigating headwinds while advancing long-term priorities
Summary and outlook Mitigating headwinds while advancing long-term priorities • EBIT adj. decline of NOK 12 million, driven by headwinds and phasing of sales, partly offset by cost reductions • Prepared for a successful peak season, supported by targeted campaigns and strengthened customer propositi
Slide 19: Appendix
05 Appendix
Slide 20: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) 20
Slide 21: Photo credits
Photo credits Bjørn Wad | Pages 3, 4, 5, 6, 10, 17, 19 and 21 Komplett Group | Pages 5, 7, 8, 9, 10, 18 iStock | Page 1