Komplett ASA

Report Publication Announcement • Mar 20, 2024

Komplett ASA: Annual and sustainability report for 2023

Komplett ASA: Annual and sustainability report for 2023

Sandefjord, 20 March 2024: The board of directors of Komplett ASA has approved

the annual accounts for 2023, and the annual report has been published today.

In 2023, Komplett Group remained dedicated to developing the business, building

strong teams and lifting profitability. Improved gross margin, combined with

cost management, resulted in a 60.2 per cent EBIT adjusted improvement to NOK

139 million in a difficult market. In summary, the group has made good progress

across key operational and financial metrics and entered 2024 with a controlled

financial position.

During the year, Komplett Group has undergone a process of refining its

strategic direction. The results of this process, as well as new financial

targets, were presented at the capital markets day on 29 February 2024.

"Central to our strategic platform are our independent, differentiated brands,

with concepts, product offerings and sales strategies tailored to specific

customer segments and needs. The benefits of continued brand autonomy will be

combined with a focused set of shared functions, providing scale benefits and

strong capabilities, which includes a strong central commercial team, a shared

supply chain network and common tech, analytics and data-infrastructure. This

provides us with an efficient and scalable platform for growth, while enabling a

sustained cost leadership position," says Komplett ASA CEO Jaan Ivar Semlitsch.

Integrated in the group's strategic roadmap is the ambition to continue the

drive for sustainable development, and the group has defined targets for

offering more circular products and services, reducing emissions and being an

inclusive and attractive employer.

"During the year we have also updated our sustainability strategy, which

reconfirms and extends our commitment to offering circular products and

services, reducing our climate and environmental impact, as well as continuing

to be an inclusive and attractive employer. In this report, we have for the

first time used the European Sustainability Reporting Standards (ESRS) to guide

our reporting, being early adopters to the new requirements applicable to the

group from the fiscal year 2024," says Semlitsch.

The annual and sustainability 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:

Thomas Røkke, CFO

Thomas.Rokke@komplett.com

Kristin Hovland, Head of Communication

Kristin.Hovland@komplett.com

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 efficient and scalable business

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

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.