Panu Porkka
CEO & Managing Director
Good morning, everybody, and welcome to Verkkokauppa.com Q4 presentation. If you have any questions, you can send them to [email protected] and all questions will be then answered at the end of the presentation.
Today, joining with me and also available for questions, CFO, Jesper Blomster; and Investor Relations Head, Elisa Forsman.
As always, I will start my presentation with few words about the operating environment. Then we will jump into the report we published this morning on financials and strategy execution, then our outlook and guidance for this upcoming year. And then at the end, we have key takeaways and questions, if there are any.
So let me start with the operating environment. If you look at the past year, it has been pretty much the same, somewhat difficult if you look at the consumer confidence. Also during the last quarter, the consumer confidence on a — was on a really low level, consumers’ confidence in own economics and own employment. But on the other hand, we see also positive signs.
Specialty retail is slightly picking up again. Consumer electronic market saw some growth. So those bigger drivers behind the consumer decisions are actually in favor of consumption picking up. Inflation has been low for a longer period of time. Interest rates have been stable for the last couple of quarters. So the purchasing power is actually increasing as we go on.
And if you look at the consumer electronic market, which saw some growth and compare that to our performance, we can clearly state that we were the winners in the market. And that is actually the first highlight after — out of the report, revenue
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