Dino Polska shares jump on Q3 beat

Dino Polska

08/11/2024 08:32

** Shares in Dino Polska  DNP.WA  rise about 10.2% after the
Polish food retailer beat Q3 expectations
    ** Its Q3 EBITDA comes in at 673 million zlotys ($167.80
million) and net profit at 438.2 million zlotys, both above
Reuters poll of 641 million zlotys and 414 million zlotys
respectively
    ** Krzysztof Kawa from Erste Group says Dino results came
above their expectations and market consensus on EBITDA level
but slightly missed top-line estimates
    ** "Better gross margin combined with lower than expected
pressure in terms of costs resulted in a beat on EBIT/EBITDA
levels," he adds 
    ** Trigon analyst Grzegorz Kujawski also flags results "well
above consensus and our forecasts"
    ** Shares are on track for their best day since March 2022
    ** Dino sits on top of Poland's blue-chip WIG 20  .WIG20 
index and STOXX 600  .STOXX  index 

($1 = 4.0107 zlotys)

 (Reporting by Marta Maciag)
 ((Marta.Maciag@thomsonreuters.com))