Verkkokauppa.com Q3'26 preview: Margin strengthens

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Verkkokauppa.com continued its earnings growth in Q3, aided by international sales, a strong gross margin, and successful cost control. Verkkokauppa.com's revenue grew by 2% in Q3 driven by international sales and domestic B2B sales, while domestic consumer sales decreased by 3% compared to the strong comparison period. Adjusted EBIT rose to 4.7 MEUR (Q3'25: 3.9 MEUR), which corresponded to a good margin level of 3.5%. CEO Panu Porkka elaborates in an interview with analyst Arttu Heikura.

Topics: (00:00) Verkkokauppa.com's Q3 performance (02:11) Consumer sales decreased (04:50) Increase in consumer electronics prices (07:45) Wolt plans to expand into consumer electronics (09:56) What does the CEO consider to be the market's biggest misunderstanding regarding Verkkokauppa.com's future earnings performance? (13:36) International business (16:47) Guidance reiterated