Verkkokauppa: Balance back to net cash after divestment of consumer finance business - SEB
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Verkkokauppa: Balance back to net cash after divestment of consumer finance business - SEB

Verkkokauppa.com exits its consumer finance business which will release capital from the balance sheet and returns Verkkokauppa.com to net cash position. We believe this will also support future dividends which have been absent the last three years. Verkkokauppa's dividend policy is to pay 60-80% of annual profits as dividend. Verkkokauppa.com will also record EUR 3m as non-recurring gain from disposal.

Verkkokauppa.com exits its consumer finance business which will release capital from the balance sheet and returns Verkkokauppa.com to net cash position. We believe this will also support future dividends which have been absent the last three years. Verkkokauppa's dividend policy is to pay 60-80% of annual profits as dividend. Verkkokauppa.com will also record EUR 3m as non-recurring gain from disposal.
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