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OPERATIONAL EFFICIENCY LED TO SIGNIFICANT PROFIT IMPROVEMENT Verkkokauppa.com Oyj – January-March 2025 Interim report 24 April 2025 | Panu Porkka, CEO | Verkkokauppa.com Oyj
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Q1 2025 RESULTS 2 Market development Q1 2025 performance Strategy execution Market outlook and guidance Key takeaways 01 02 03 04 05
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MARKET DEVELOPMENT 3
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Q1/2025 development NO SIGNIFICANT CHANGES IN THE OPERATING ENVIRONMENT 4 • Consumers’ confidence in their own economy remained low and the time was regarded unfavorable for large purchases • The outlook for general unemployment trends was bleak, and the threat of unemployment was felt to be significant on a personal level • The interest rate cut improved purchasing power towards the end of the quarter, but economic uncertainty and inflation pressure remained challenging • Finland's GDP forecasts have been lowered during the first quarter – significant variations in forecasts • The number of bankruptcies increased in the first quarter, with March recording the highest figures in history • No clear market recovery in the first quarter of the year – the consumer electronics market in Finland decreased by 2% during this period* Consumer confidence in Finland Consumers’ expectation of unemployment development over the next 12 months Source: Statistics Finland 2/2023 3/2023 4/2023 5/2023 6/2023 7/2023 8/2023 9/2023 10/2023 11/2023 12/2023 1/2024 2/2024 3/2024 4/2024 5/2024 6/2024 7/2024 8/2024 9/2024 10/2024 11/2024 12/2024 1/2025 2/2025 3/2025 2/2023 3/2023 4/2023 5/2023 6/2023 7/2023 8/2023 9/2023 10/2023 11/2023 12/2023 1/2024 2/2024 3/2024 4/2024 5/2024 6/2024 7/2024 8/2024 9/2024 10/2024 11/2024 12/2024 1/2025 2/2025 3/2025 Source: *GFK, Consumer electronics in Finland Q1 2025 vs Q1 2024
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5 Q1 PERFORMANCE