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contributed to profitability improvements, and the group maintain a solid
financial position.
Operating revenue increased by 0.9 per cent in the first quarter of 2026, from
NOK 3 370 million to NOK 3 400 million (-0.2 per cent in constant currency),
despite headwinds in the gaming and components categories.
Gross margin reached 14.7 per cent, reflecting a slight decline of 0.3 pp
compared with the same period last year. While underlying product margins
remained relatively stable, the year-over-year margin development was impacted
by sales mix and select price-volume-rebalancing.
Operating expenses were reduced by 4.4 per cent, driven by implemented cost and
restructuring measures as well as continued cost discipline. The positive
effects from structural initiatives are expected to continue supporting a
stabilisation of the cost base over the course of 2026.
EBIT adj. amounted to negative NOK 26 million in the first quarter, representing
an improvement of NOK 13 million compared with negative NOK 39 million in the
same period of 2025.
At the end of March, the group’s leverage ratio, defined as NIBD / LTM EBITDA
(adjusted for certain items), was 2.8x, down from 3.4x in the same period last
year. The financial position remains controlled and within agreed financial
arrangements, supported by a solid liquidity reserve of NOK 980 million.
The market outlook is supported by favourable, although increasingly uncertain,
economic forecasts in both Norway and Sweden. However, the product landscape is
becoming more challenging, with high prices of memory chips and a weaker
innovation cycle affecting core categories. The group is pursuing a controlled
inventory and cost management to handle this throughout 2026.
“Despite headwinds in the gaming and components categories, revenue growth
remained relatively stable in the first quarter, and the group’s profitability
improvements benefited from a leaner cost base,” says Vebjørn Torsetnes,
President and CEO of Komplett ASA.
“Throughout 2025, Komplett Group implemented several measures to manage its cost
base and to improve operational efficiency. With these completed or well
underway, the group is now better positioned to unlock further efficiency gains
and scale benefits over time,” Torsetnes adds.
The presentation material and report for the first quarter of 2026 are attached
to this notice.
A presentation of the results will be held by CEO Vebjørn Torsetnes and CFO
Thomas Røkke at 09:00 CEST in Storstua at Sommerro, Sommerrogata 1, Oslo.
The event will also be made available via a live webcast. Please use the
following link to register and view the webcast:
Komplett Group Webcast Q1 2026
Questions will be addressed towards the end of the presentation. A recorded
version of the webcast will be available shortly after the webcast has
concluded.
For further inquiries, please contact:
Thomas Røkke, CFO
Thomas.Rokke@komplett.com
Markus Solvik, Chief strategy officer
Markus.Solvik@komplett.com
About Komplett ASA
Komplett Group is a leading online-first electronics and IT products retailer,
operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and
distribution markets, the Group is deeply focused on delivering best-in-class
customer experience, built through decades of know-how, expertise and deep
customer commitment. Komplett Group operates an efficient and scalable business
model that supports cost leadership and enables a competitive product offering.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Elise Heidenreich, Investor Relations adviser, at
the date and time as set out above.
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