Q2-26: Progress driven by good seasonal sales and cost reductions
Oslo, 17 July 2026: In the second quarter, Komplett Group delivered improved performance, as sales efforts and strong seasonal demand mitigated market headwinds in the gaming and components categories. Disciplined cost management continued to support profitability improvements, and the group maintained a solid financial position.
Operating revenue increased by 4.2 per cent in the second quarter of 2026, from NOK 3 431 million to NOK 3 575 million (+7.3 per cent in constant currency), supported by good commercial execution and continued positive macroeconomic conditions.
Gross margin reached 14.1 per cent, reflecting a decline of 0.5 percentage points compared with the same period last year. The year-over-year development was impacted by changes in product and segment mix as well as increased freight costs and targeted price-volume rebalancing in selected product areas.
Operating expenses were reduced by 6.8 per cent as favourable currency translation effects complemented cost reduction measures and continued disciplined cost management.
EBIT adj. amounted to NOK 17 million in the second quarter, representing an improvement of NOK 39 million compared with negative NOK 22 million in the same period of 2025.
At the end of June, the group's leverage ratio, defined as NIBD / LTM EBITDA (adjusted for certain items), was 2.4x, down from 3.8x in the same period last year. The financial position remains controlled and well in line with the agreed financial arrangements, supported by a solid liquidity reserve of NOK 1 053 million.
The market outlook is characterised by continued headwinds and market uncertainty associated with price increases for memory chips and fewer product launches, yet supported by generally positive macroeconomic conditions. Komplett Group continues to actively adapt and strengthen the commercial proposition across both established and growth categories, while driving operational efficiencies and maintaining cost discipline.
"The second quarter of 2026 demonstrated progress across the group, supported by good commercial execution, operational improvements and a structurally leaner cost base, in a market environment marked by continued uncertainty," says Vebjørn Torsetnes, President and CEO of Komplett ASA.
"I believe we are still in the early stages of unlocking the full potential of the group. A key priority going forward will be to increase the pace of integration across the group to realise further efficiencies and economies of scale, while creating better customer experiences," Torsetnes adds.
The presentation material and report for the second 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:
https://qcnl.tv/p/BZJUeYZpf4vjW3QO6VCS8g
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
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.