Slides
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IMPROVED PROFITABILITY IN A COMPETITIVE MARKET Verkkokauppa.com Oyj interim financialreport for 1 January–30 September 2026 22 October 2026 Panu Porkka, CEO
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Q3 2026 RESULTS 2 Operating environment Q3/2026 performance Strategy execution in Q3 Market outlook and guidance Key takeaways
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OPERATING ENVIRONMENT 3
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4 IMPROVING CONSUMER CONFIDENCE HAS NOT YET TRANSLATED INTO CONSUMER ELECTRONICS DEMAND 4 • The Finnish economy continued to strengthen, supported by an improved GDP outlook¹ and recovering consumer confidence, which reached its highest level in several years in late summer before easing towards the end of the quarter² • The improved sentiment has not yet reached consumer electronics demand, with elevated energy costs and higher interest rates adding uncertainty • Business sentiment was healthier, with confidence remaining above long-term averages across the main sectors, and the SME outlook improved³ • Despite subdued consumer demand, Verkkokauppa.com’s sales developed in line with the market⁴ Consumer confidence in Finland² Consumers’ views of their own economy in 12 months’ time² 7/2024 -7.2 8/2024 -8.1 9/2024 -6.8 10/2024 -7.4 11/2024 -8.6 12/2024 -8.4 1/2025 -9.0 2/2025 -8.2 3/2025 -7.4 4/2025 -8.4 5/2025 -8.6 6/2025 -6.4 7/2025 -7.6 8/2025 -6.6 9/2025 -7.6 10/2025 -6.5 11/2025 -7.3 12/2025 -8.7 1/2026 -10.5 2/2026 -11.5 3/2026 -7.2 4/2026 -10.5 5/2026 -5.3 6/2026 -12.5 7/2026 -3.0 8/2026 -4.9 9/2026 -5.3 7/2024 5.5 8/2024 3.9 9/2024 8.3 10/2024 6.2 11/2024 6.8 12/2024 6.9 1/2025 5.6 2/2025 6.0 3/2025 6.8 4/2025 9.2 5/2025 7.7 6/2025 6.2 7/2025 6.4 8/2025 6.8 9/2025 6.2 10/2025 9.2 11/2025 7.8 12/2025 6.8 1/2026 4.0 2/2026 2.7 3/2026 5.1 4/2026 4.6 5/2026 7.0 6/2026 0.7 7/2026 8.1 8/2026 5.8 9/2026 8.1 Sources: ¹ Bank of Finland, ² Statistics Finland , ³ EK, Business Confidence Indicators, September 2026; SME Barometer, fall 2026, ⁴ GfK, Consumer electronics in Finland July-September 2026 vs July-September 2025, excl. TV category Q3/2026 development