Elektroimportoren (ELIMP) investor relations material

Executive summary

• Achieved eighth consecutive quarter of sales and profitability growth, with Q1 2026 revenue up 8.8% year-over-year to NOK 431 million, driven by strong performance in both Norway and Sweden, and supported by all customer segments and product categories, notably EV Chargers and Heating.

• Physical stores were the main growth driver, with increased footfall, improved conversion rates, and higher average basket sizes in Norway; Sweden delivered double-digit sales growth and higher gross profit.

• B2B and B2C segments both posted robust gains, with B2B up 8.2% and B2C up 8.9% in Norway.

• Store expansion continued with the opening of the 32nd store in Norway, new store in Larvik, and further expansion in Sweden, including Kungens Kurva and a lease for a third store in Arninge.

• Margin management and disciplined cost control remained priorities amid limited macroeconomic tailwinds.

Financial highlights

• Group revenue reached NOK 431 million, up 8.8% year-over-year; like-for-like sales increased by 4.9%.

• Gross profit rose 10.8% to NOK 158 million, with gross margin up to 36.7% from 36%.

• Adjusted EBITDA was NOK 44 million (10.2% margin), up from NOK 37 million (9.5% margin); reported EBITDA NOK 38 million (8.8% margin), up from NOK 36 million.

• Net profit improved to -NOK 5.1 million from -NOK 7.7 million.

• Cash flow from operating activities was NOK 33 million, compared to -NOK 7 million last year.

Outlook and guidance

• Continued positive sales momentum in April, with revenue growth in both Norway and Sweden.

• Expectation of cautious B2B and B2C markets ahead due to global uncertainty and potential interest rate increases.

• Gross margin expected to remain strong in Q2, benefiting from favorable FX effects.

• Ongoing evaluation and negotiation for new store locations in both Norway and Sweden to support long-term growth.