Sales mix having a positive impact on margin, strong sales increase in evolving categories with higher margins
Operating profit increased by 0.8 million euros totaling 5.1 million euros (4.4)
Verkkokauppa.com's Board of Directors has decided today to pay third
3 dividend instalment of 0.058 euros per share on 27 July
In Q2/2021, on-line sales1) grew by +15.1%
Our revenue growth exceeded market growth3)
EUR million
Y-on-y +6.1% in Q2 2021
200
176
150
125
134
123 130.5
129
100
50
0
Q1
Q2
Q3
Q4
2020
2021
Robust growth in B2B sales, +38.4% y-on-y
EUR million
35.0
28.5
27.9
30.8
30.0
25.5
22.6
25.0
20.2
20.0
15.0
10.0
5.0
-
Q1
Q2
Q3
Q4
4
15.7.2021
2021
2021
Online sales1) grew by +15.1% y-on-y
EUR million
106.4
100.0
80.3
67.7 77.9
68.6
75.0
60.4
50.0
25.0
-
Q1
Q2
Q3
Q4
Fixed cost2) to revenue ratio, targeting below 10% by 2025
11.6 % 11.5 %
12.6 % 12.6 %
12.0 %
11.0 %
11.0 %
Target <10%
10.0 %
%
%
%
%
%
Q1
Q2
Q3
Q4
Without Export
Excluding advisory costs related to listing
GFK April-May market data, market growth 5.7%
Q2/2021: 32nd consecutive growth quarter
EUR million
4-6/
4-6/
Change, %
1-6/
1-6/
Change, %
FY 2020
2021
2020
2021
2020
Revenue
130.5
123.1
6.1%
264.5
248.3
6.5%
553.6
Gross profit
22.4
21.4
4.8%
44.2
40.8
8.2%
88.4
Gross margin, %
17.2%
17.4%
16.7%
16.4%
16.0%
Personnel expenses
-9.4
-8.4
11.5%
-18.4
-17.0
8.2%
-35.6
Other operating expenses
-7.1
-7.5
-5.6%
-13.4
-13.8
-2.4%
-64.4
Operating profit
5.1
4.4
17.3%
10.3
7.8
32.6%
19.6
Operating margin, %
3.9%
3.5%
3.9%
3.1%
3.5%
Comparable operating profit
5.1
4.8
5.9%
10.3
8.6
20.1%
20.4
Comparable operating
3.9%
3.9%
3.9%
3.5%
3.7%
margin, %
5
Net profit
3.8
3.3
14.9%
7.6
5.7
33.0%
14.6
32nd consecutive growth quarter
6th consecutive quarter with profit improvement, increase of EUR +0.8 million in EBIT
Quarterly growing dividend of
EUR 0.058 per share
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Verkkokauppa.com Oyj published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 05:16:23 UTC.
Verkkokauppa.com Oyj is a Finland-based company, which operates as a consumer electronics retailer. The Company sells such products as computer technology, consumer electronics, toys, games and navigation products in Helsinki, Oulu and Pirkkalan shops. The products can be ordered via the Web mail home or in the Company's stores. Consumers can also make an order / booking product if the item is not immediately found in the store.
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