Komplett ASA

Komplett ASA: Annual report for 2024

Sandefjord, 21 March 2025: The board of directors of Komplett ASA has approved

the annual accounts for 2024, and the annual report has been published today.

In 2024, Komplett Group has navigated challenging market conditions, which is

reflected in the group's financial performance. Throughout the year, the group

has progressed with its strategic initiatives to expand into selected categories

and segments, optimise the cost base, and leverage economies of scale, while

maintaining a controlled financial position. Despite intense competition, the

group has maintained high levels of customer satisfaction and retained a strong

market position.

"Throughout the year, we have remained committed to our commercial initiatives

and cost measures as laid out by our stated strategic priorities. By the end of

the year, we had strengthened our brand recognition amongst customers, increased

our presence in adjacent categories, such as the home category, while expanding

our private label portfolio," says Komplett ASA CEO Jaan Ivar Semlitsch.

"Our commercial initiatives have been accompanied by accelerated actions

throughout the group to adapt our cost base to the market environment. During

the year, a process was initiated to consolidate the group's logistics set-up in

Sweden, and further actions to improve cost efficiency have been introduced

after year-end," says Semlitsch.

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:

Thomas Røkke, CFO

Kristin Hovland, Head of Communication

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.

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