Verkkokauppa.com - Is Amazon a threat?

Here is the company report on Verkkis after Q2 from Arttu :slight_smile:

Verkkokauppa.com managed to turn its temporarily declining earnings back to a growth trajectory, supported by revenue growth and successful cost control. We anticipate the company’s earnings to grow moderately in 2026, with the upward trend continuing in the coming years, largely driven by volume. Considering this earnings growth, we believe the stock’s valuation is moderate, offering investors an attractive risk-reward ratio.

Quoted from the report:

Risks focus on market development and competitive position

In our view, a key negative risk for our forecasts and the investment case is the market environment remaining weak, as we expect the company to receive support from a recovering domestic market starting in 2027. Stagnation of international growth is also a material risk, as our forecasts rely on successful internationalization. Furthermore, a weakening of the company’s competitive position in the domestic market would be a significant risk, which, in our view, would lower the profitability potential (~3%) we have estimated for the company.

8 Likes