Verkkokauppa.com Oyj Finalizes Sale of Consumer Financing Unit
Verkkokauppa.com Oyj Completes Sale of Consumer Financing Business
Verkkokauppa.com Oyj has successfully completed the sale of its consumer financing business to Walley, along with their collaboration with Norion Bank AB. This transaction highlights Verkkokauppa.com's strategic focus on enhancing its primary operations in the e-commerce sector.
Details of the Transaction
The agreement was signed between Verkkokauppa.com and Walley on an important date. Initially, the preliminary price for this agreement is approximately EUR 34 million, showcasing the financial viability and strategic importance of such a sale. The final purchase price will be ascertained through a post-closing reconciliation process, ensuring all financial details are accurately accounted for.
Benefits of the Sale
As a result of this transaction, Verkkokauppa.com will recognize a one-time gain of roughly EUR 3 million. This gain will be categorized as an item influencing comparability in the upcoming Q3 interim report for 2025. While the impact of this sale on overall results is not anticipated to be dramatic, it is expected to enhance the company's balance sheet significantly, moving towards a more streamlined financial structure.
Future Outlook
Notably, Verkkokauppa.com has indicated that this sale will not alter its existing guidance for 2025. The company aims to maintain its growth trajectory while focusing on its core competencies in e-commerce, ensuring that customer satisfaction remains at the forefront of its business strategies.
Company Overview
Founded in 1992, Verkkokauppa.com is a pivotal player in the Finnish e-commerce landscape, recognized for its commitment to customer satisfaction. With operations that began online from the very start, the company has become a leader in providing fast delivery services and competitive prices. In 2024, Verkkokauppa.com reported a remarkable revenue of EUR 468 million and currently employs around 600 individuals.
Innovative Approach to E-commerce
Verkkokauppa.com is known for its innovative practices, striving to accelerate the shift towards online commerce through rapid deliveries and a vast selection of products. Their dedication to enhancing customer experience is evident, and they are determined to set new standards in the buying and ownership processes.
Contact Information
For additional inquiries or detailed information about this transaction, interested parties can reach out to:
Jesper Blomster, CFO, Verkkokauppa.com Oyj
Email: jesper.blomster@verkkokauppa.com
Tel: +358 40 570 3083
Elisa Forsman, Head of Investor Relations and Corporate Communications, Verkkokauppa.com Oyj
Email: elisa.forsman@verkkokauppa.com
Tel: +358 44 206 6094
Frequently Asked Questions
What business has Verkkokauppa.com Oyj sold?
Verkkokauppa.com has sold its consumer financing business to Walley and Norion Bank AB.
What is the preliminary sale price of the transaction?
The initial preliminary price of the sale is about EUR 34 million.
How will the sale affect Verkkokauppa.com's financials?
Verkkokauppa.com expects to recognize a one-time gain of approximately EUR 3 million from this sale.
Will this transaction impact Verkkokauppa.com's 2025 guidance?
No, the transaction is not expected to significantly affect Verkkokauppa.com’s guidance for 2025.
How has Verkkokauppa.com been performing in the e-commerce sector?
Verkkokauppa.com has been a leader in e-commerce, achieving EUR 468 million in revenue in 2024, and providing exceptional customer service.
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