Panu Porkka
CEO & Managing Director

Good morning, everybody, and welcome to our first interim report presentation of the year 2026. If you have any questions, you can send them to chat or via e-mail to investors@verkkokauppa.com, and questions will be then answered at the end of the presentation.

As usual, also available for questions, CFO, Jesper Blomster; and Head of Investor Relations, Elisa Forsman.

I will start my presentation with the operating environment. Then we will jump into the report published this morning, key financials and strategy execution, then outlook for the rest of the year and key takeaways and questions, if there are any.

So let me start with the operating environment. We actually saw a shift in the Finnish market. Consumer confidence started to decline clearly and also consumers' confidence in their own economics started to decline significantly during the quarter, being on a low level at the end of the quarter, March time. We saw some high electricity prices probably impacting that and also the war in Iran impacting consumers' confidence clearly in the Finnish market. Also, banks somewhat revisited and revised their expectancy towards this year according to the -- towards the GDP growth in the Finnish market.

In this kind of operating environment, it is difficult to see that price aggressivity is increased. The consumer is more tilted towards campaign products. So we also saw historic high share of campaign price sales in our line of business.

Despite these shifts and tough environment, we have performed strongly, continued the growth and outperformed the market and gained market share. That's the first highlight of the report.

Revenue grew by almost 7% broadly across