Elektroimportøren AS — Earnings Release 2024

Feb 12, 2025

Elektroimportøren AS: Fourth Quarter 2024

Elektroimportøren AS: Fourth Quarter 2024

Oslo, February 12th: Elektroimportøren AS today announces Q4 results and unaudited figures for the full year 2024.

HIGHLIGHTS FOR THE QUARTER:

• Revenues for the Group amounted to NOK 520 million, an increase of 5.2%.

• Like for like revenue increased by 1.8%.

• Gross margin increased to 34.8% (32.8%)

• EBITDA increased to NOK 66 million (NOK 46 million)

• Net profit increased to NOK 23 million (NOK 7 million)

“We are pleased to present another positive quarter for Elektroimportøren, a much anticipated and strong continuation of the positive trend from Q3. All major categories have contributed to the improved results and our store expansion program in Norway continues to deliver. Our plan for getting Sweden back to profitability shows early positive signs and has contributed to the positive Q4 results” says Andreas Niss, CEO in Elektroimportøren.

The results from Q4 will be presented at 09:00 CET by CEO Andreas Niss and CFO Jørgen Wist. The presentation can be followed in a live webcast, please join at:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_MjVhNzM1OTAtOTQ2Yy00NjgwL

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The quarterly report and presentation material will be available at: https://www.elektroimportoren.no/reports-and-presentations/reports-and-presentations/document.html

ENQUIRIES:

Andreas Niss, CEO, Elektroimportøren AS, + 47 934 67 067, andreas@elektroimportoren.no

Jørgen Wist, CFO, Elektroimportøren AS, +47 959 34 619, jorgen@elektroimportoren.no