Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
2021-08-18 07:08:15
Highlights of the second quarter 2021
Elektroimportøren delivers significant growth despite facing tough comparable
numbers from last year.
Key financials
o Revenue of 320,8 MNOK (271,9 MNOK) up 18,0%.
o Online share of total sales (excluding pick up in store) 13,9% (13,0%).
o B2B sales have increased with 49,0% compared to last year, while B2C sales had
a decrease with 2,0%. B2B share of total sales have increased to 53,1% (42,6%).
o Total like for like sales growth 13,0% driven by 26,6% online and 10,9%
physical stores.
o Sale of Electrical Vehicle chargers have continued to increase significantly
compared to last year. Total sales Q2 with 34 MNOK (5,9 MNOK). Even though this
is a profitable product category, the overall margin percentage is significantly
lower compared to other product groups.
o The overall Gross margin percentage of 37,4% was down from 39,8% last year.
The percentage margin for B2C and B2B customers excluding Electrical vehicle
chargers is at the same level as last year. Key drivers for reduced margin year
on year are the significant sales increase of EV chargers and increased sale to
B2B customers.
o Opex to sales ratio 25,0% (24,9%). For this financial year we have started to
make provisions for expected year end bonuses from the start of the year. In
2020 we started to make provisions from Q3. Taking this into consideration we
are still increasing cost efficiency and EBITDA year on year.
o Adjusted EBITDA of 39,6 MNOK (40,7 MNOK). Adjusted EBITDA margin percentage is
12,4% (15,0%)
We have delivered a record first half of 2021 with 26% growth in sales and 27%
growth in EBITDA. This is the result of the dedication and hard work being done
by all our employees across the country. Securing that our customers get the
products, the support, and the service that they need to make their businesses
and homes work better.
Q2 report and presentation will be available at
www.elektroimportoren.no/investor you can also join us live on Teams at 13.00
hrs August 18th. Link is avaialable at www.elektroimportoren/investor.no
This information is published in accordance with the requirements of the Issuer
Rules of Euronext Growth Oslo