Q1-24: A difficult start to the year, with unchanged long-term potential
Sandefjord, 24 April 2024: The financial results for the first quarter have been impacted by declining demand and increasing competition across the group’s key markets and categories. Nevertheless, Komplett Group made good progress with its commercial and cost measures and continued to improve its gross margin.The slow-down in sales starting in December 2023 continued, as anticipated, into the first quarter. The decline was driven by continued market challenges, with subdued demand and challenges in several of the group’s core categories, restraining revenue growth across all the group’s