Verkkokauppa.com: Inventories may support margins as prices rise - SEB
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Verkkokauppa.com: Inventories may support margins as prices rise - SEB

Verkkokauppa.com delivered 7% sales growth y/y in Q1/26 despite weak consumer demand. However, analysts were expecting much more after 15% growth in Q3/25 and 20% in Q4/25. Growth in Finland was 2% while international growth was 60% y/y. Verkkokauppa.com products are investment-like goods and Middle East worries hit sentiment despite the affordability of the Finnish consumer has not materially changing.

Verkkokauppa.com delivered 7% sales growth y/y in Q1/26 despite weak consumer demand. However, analysts were expecting much more after 15% growth in Q3/25 and 20% in Q4/25. Growth in Finland was 2% while international growth was 60% y/y. Verkkokauppa.com products are investment-like goods and Middle East worries hit sentiment despite the affordability of the Finnish consumer has not materially changing.
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