Komplett ASA

Komplett ASA: Annual Report for 2021

Sandefjord, 24 March 2022: The board of directors of Komplett ASA has approved

the annual accounts for 2021, and the annual report has been published today.

In 2021, the Group increased revenues to NOK 11 billion, corresponding to a 12

per cent growth from the year before and continued to strengthen its cost

leadership position. This translated into a 41 per cent adjusted EBIT growth for

2021, corresponding to an adjusted EBIT margin increase of 0.7 percentage

points. Profit before tax came to NOK 347 million, up 37 per cent from 2020.

"The migration to online shopping continues to be a positive driver for our

business, and we continue to expand our market share. Despite softer market

demand for consumer electronics towards the end of the year, we reported solid

revenue growth in 2021, primarily driven by strong progress across the B2B and

Distribution segments," says Komplett ASA CEO Lars Olav Olaussen.

"Looking ahead, we anticipate the online migration to continue, and we are well

positioned to continue to increase our share of the market. In recent weeks, we

have all been saddened by the acts of war taking place in Ukraine. While the

human suffering is clearly our main concern, we must also acknowledge that

economic uncertainty may have an adverse impact on consumer spending and demand

in our markets," says Lars Olav Olaussen.

The annual report is attached to this notice. In addition, the company has

published its annual financial statements in European Single Electronic Format

(ESEF). This document is also attached to this notice.

For further inquiries, please contact:

Kristin Hovland, Head of Communication

Krister Pedersen, CFO

About Komplett ASA

Komplett Group is a leading online-first electronics and IT products retailer,

operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and

distribution markets, the Group is deeply focused on delivering best in class

customer experience, built through decades of knowhow, expertise and deep

customer commitment. Komplett Group operates an efficiency and scalable business

model that supports costs leadership and enables a competitive product offering.

This information is subject to the disclosure requirements in the Norwegian

Securities Trading Act § 5-12.

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