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Finwire

Elkjøp Norge increased operating profit by 75 percent

Elkjøp Norge increased revenue by nearly NOK 1.1 billion during the 2025/26 financial year, which ran from May 2025 to April this year.

Revenue rose 7.7 percent to NOK 14.9 billion, while like-for-like growth amounted to 10 percent.

Operating profit, EBIT, increased 74.7 percent to NOK 143 million from NOK 82 million the previous year. The EBIT margin improved to 1.0 percent from 0.6 percent.

The company states that it has fewer but stronger stores and plans to open a number of new stores in the coming years.

During the summer, sales of projectors increased by 350 percent and sales of robotic garden products by 300 percent.

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