Verkkokauppa.com's Financial Statements Bulletin: A Glimpse into the Company's Performance

On February 6, 2025, Verkkokauppa.com Oyj (HEL: VERK) is set to publish its financial statements bulletin, providing investors and stakeholders with valuable insights into the company's financial performance. As the leading online store in the Finnish eCommerce market, Verkkokauppa.com has a strong market position and a diverse product range, contributing to its overall financial health.

Verkkokauppa.com's financial performance over the past five years has shown a mixed trend in key metrics such as revenue, gross profit, and operating income. In 2020, the company's revenue was €574.51 million, which was a 3.77% increase from the previous year. However, in 2021, revenue decreased by 5.46% to €543.12 million. In 2022, revenue further decreased by 7.41% to €502.85 million. In 2023, revenue is projected to be €478.28 million, a decrease of 5.69% from 2022. This trend indicates a decline in revenue over the past five years.

Gross profit has also shown a decline over the past five years, with a slight increase in 2022. In 2020, Verkkokauppa.com's gross profit was €54.62 million, which was a significant increase from the previous year. In 2021, gross profit decreased to €40.36 million, a decline of 26.13%. In 2022, gross profit increased slightly to €44.16 million, a 9.41% increase from 2021. In 2023, gross profit is projected to be €39.34 million, a decrease of 10.92% from 2022.

Operating income has shown a more volatile trend, with a slight increase in 2022. In 2020, Verkkokauppa.com's operating income was €20.3 million, a significant increase from the previous year. In 2021, operating income decreased to €2.28 million, a decline of 88.75%. In 2022, operating income increased to €4.72 million, a 106.14% increase from 2021. In 2023, operating income is projected to be -€0.56 million, a decrease of 90.25% from 2022.

Verkkokauppa.com's market share in the Finnish eCommerce market has evolved significantly over the years. According to the provided data, Verkkokauppa.com leads the Finnish eCommerce market with revenues of US$243.0 million in 2023. This represents a market share of 99.5% in Finland, indicating a strong position in the domestic market. The main competitive dynamics in the Finnish eCommerce market involve the top three online stores, with Verkkokauppa.com leading the market. Verkkokauppa.com's strategy and positioning, including its national focus, diverse product range, strong brand recognition, and competitive pricing, contribute to its market share in the Finnish eCommerce market.

As Verkkokauppa.com prepares to publish its financial statements bulletin on February 6, 2025, investors and stakeholders will gain valuable insights into the company's financial performance. The company's mixed trend in key metrics, such as revenue, gross profit, and operating income, highlights the importance of monitoring Verkkokauppa.com's financial health and understanding the underlying factors driving its performance. By analyzing the company's financial statements and considering its market position and competitive dynamics, investors can make informed decisions about their investments in Verkkokauppa.com.