Elektroimportøren

3rd quarter presentation November 3, 2022

Andreas Niss CEO

Petter Bjørnstad CFO

Operational update

Growth in all months of the quarter

B2B drives growth, but B2C are starting to close the gap to last year, and online sales are showing recovery

Challenging to generate growth in Sweden

Gross margin increasing in all customer segments

Good cost control

Opening of store number 27 in August

Internal training event, Elektroakademiet

Event for our partner customers

Relocation of Swedish warehouse

New replenishment system rolled out across all stores

Summary of key financials Q3

  • Revenue of 398.1 MNOK (359.8 MNOK) up 10.6%.
  • Total like-for-like sales have been reduced with 1.4%.
  • Online share of total sales (excluding pick up in store) 17.2%
  • B2B sales increased with 9.8% compared to last year while B2C sales increased with 11.4%.
  • B2B share of total sales was 47.8% (48.2%).
  • The overall Gross margin percentage of 37.6% (38.5%).
  • Opex to sales ratio of 26.6% (25.3%).
  • Reported EBITDA of 44.8 MNOK (47.8 MNOK). EBITDA margin percentage is 11.3% (13.3%).

Elbutik Scandinavia

Q3 sales 27.7 MNOK

Reported EBITDA 0.5 MNOK

Relocating our warehouse in September, and implementing new WMS system

Product and sales training conducted

First store opening is going according to plan

Long term investments in people, stores and logistic facilities

EV Chargers

Sales of EV chargers grew with 27% to 50.7 MNOK in Q3

Supply of chargers continues to be good, and we are expanding the range of products

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Elektroimportoren AS published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 06:24:04 UTC.