Elektroimportøren : Elektroimportøren's presentations for 3rd quarter 2022
November 03, 2022 at 02:25 am EDT
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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.
Elektroimportoren AS is a Norway-based holding company that offers wholesale and retail distribution of electrical goods. The Company operates through its subsidiaries: Elektroimportoeren Holding AS, Elektroimportoeren Norge AS, Namron AS and Spoton AS. All subsidiaries are wholly owned. The Company sells electrical installation products, such as electrical equipment, lighting, heating and related products to the professional and private market in Norway, through wholly owned stores and on internet. It has 25 physical stores in addition to the online store. There is a growing demand for the products the Group offers to the customers, especially smart home products and electrical vehicles charges.