-Norwegian Komplett posts 16% Y/Y sales rise in Dec 2010

Internet Business News
01-06-2011
-Norwegian Komplett posts 16% Y/Y sales rise in Dec 2010

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

6 January 2011 - Norwegian online PC and electronics retailer Komplett ASA (OSL:KOM) said today its direct sales rose by 16% year- on-year to NOK312.2m (USD 52.7m/EUR 40.1m) in December 2010.
Direct sales cover sales through the web shops Komplett.no, Komplett.se, Komplett.dk, MPX.no, InWarehouse.se and Jernia.no.

The group's total revenue for December went up by 2% on the year to NOK439.6m.

For the full 2010 Komplett's direct sales grew by 12% year-on- year to NOK2.614bn and its revenue increased by 2% to NOK3.808bn.

In the fourth quarter of 2010, Komplett has intensified its marketing efforts significantly, which means that the overall cost level will be higher than in comparable quarters, the company said.

The company will release its interim report for October-December 2010 on 4 February 2011.

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(Copyright M2 Communications, 2011)