Komplett ASA: Annual and sustainability report for 2023

20 Mar 2024 07:00 CET

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.

More information:
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613905_Komplett_Annual_and_sustainability_report_2023.pdf
613905_komplettasa_2023_12_31_en.zip