Komplett ASA: Annual Report for 2021
Sandefjord, 24 March 2022: The board of directors of Komplett ASA has approved the annual accounts for 2021, and the annual report has been published today.
In 2021, the Group increased revenues to NOK 11 billion, corresponding to a 12 per cent growth from the year before and continued to strengthen its cost leadership position. This translated into a 41 per cent adjusted EBIT growth for 2021, corresponding to an adjusted EBIT margin increase of 0.7 percentage points. Profit before tax came to NOK 347 million, up 37 per cent from 2020.
“The migration to online shopping continues to be a positive driver for our business, and we continue to expand our market share. Despite softer market demand for consumer electronics towards the end of the year, we reported solid revenue growth in 2021, primarily driven by strong progress across the B2B and Distribution segments,” says Komplett ASA CEO Lars Olav Olaussen.
“Looking ahead, we anticipate the online migration to continue, and we are well positioned to continue to increase our share of the market. In recent weeks, we have all been saddened by the acts of war taking place in Ukraine. While the human suffering is clearly our main concern, we must also acknowledge that economic uncertainty may have an adverse impact on consumer spending and demand in our markets,” says Lars Olav Olaussen.
The annual report is attached to this notice. In addition, the company has published its annual financial statements in European Single Electronic Format (ESEF). This document is also attached to this notice.
For further inquiries, please contact:
Kristin Hovland, Head of Communication
Kristin.Hovland@komplett.com
Krister Pedersen, CFO
Krister.Pedersen@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 knowhow, expertise and deep customer commitment. Komplett Group operates an efficiency and scalable business model that supports costs leadership and enables a competitive product offering.
This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.