Company statements2019

Profit warning: Verkkokauppa.com Oyj's comparable EBITDA will be lower than expected for the year 2018

Verkkokauppa.com Oyj                   COMPANY RELEASE January 17, 2019 at 17:05   

Based on initial unaudited information, Verkkokauppa.com Oyj's comparable EBITDA for 2018 was 10.2 million euros. Previously Verkkokauppa.com Oyj estimated its comparable EBITDA for 2018 to be between 11-14 million euros (2017: 13 million euros).

The increased price competition decreased the gross profit for 2018. To ensure faster-than-market growth, Verkkokauppa.com increased the marketing activities. The increased price competition and increased marketing activities together lowered the comparable EBITDA. 

In 2018, Verkkokauppa.com's unaudited revenue grew to 477 million euros (2017: 432 million euros) and was in line with expectations. Previously the company estimated the revenue for 2018 to be between 460-500 million euros.

In the last quarter of the year, revenue increased approximately 22 percent compared with the same period of the previous year. Revenue amounted to approximately 155 million euros in the last quarter of the year (2017: 127 million euros).

Verkkokauppa.com Oyj will publish its Financial Statements Release on 15 February 2019.

For more information, please contact:
Panu Porkka
CEO
panu.porkka@verkkokauppa.com
Tel. +358 10 309 5555

Jussi Tallgren
CFO
jussi.tallgren@verkkokauppa.com
Tel. +358 10 309 5555

Certified Adviser 
Nordea Bank Abp
Tel. +358 9 5300 6785

Distribution:

Nasdaq Helsinki
Principal media
www.verkkokauppa.com


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