Komplett ASA: Annual report for 2024

21 Mar 2025 07:00 CET

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
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.

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641894_komplettasa_2024_12_31_0_en.zip
641894_Komplett_Annual_report_2024.pdf