Komplett Group Q3 2025 sales grow, margins lift amid market improvements

Komplett Group reported a 2.3% increase in operating revenue for Q3 2025, reaching NOK 3,842 million, with constant currency growth of 0.7%. This growth was supported by improving market conditions in Norway and Sweden, strong seasonal sales, and demand from recent gaming product launches. The gross margin saw a 1.2 percentage point uplift year-over-year, reaching 13.9%, which translated to a 12.3% improvement in gross profit.

Adjusted EBIT significantly improved to NOK 3 million in Q3 2025, a NOK 49 million increase from the negative NOK 46 million in the prior-year period. Operational efficiencies and cost-reduction measures, including consolidation in Sweden, offset expansion investments, keeping operating costs stable. Net working capital improved by NOK 313 million year-over-year due to inventory reductions and better payment terms.

The leverage ratio (NIBD / LTM EBITDA) stood at 3.0x, in line with financial arrangements. Ros-Marie Grusén, the new chief executive, highlighted continued positive momentum in Norway and efforts to optimize product mix and margins, anticipating increased impact from cost initiatives into 2026.