Refile: BUZZ-Dino Polska slumps as Q2 comes below the lowest of forecasts

Jeronimo Martins SGPS SA

23/08/2024 08:20

(Refiles to fix hyperlinks in bullets 1 and 2)
    ** Shares in Dino Polska  DNP.WA  slump about 13% after the
Polish food retailer missed Q2 earnings expectations
     ** Its Q2 EBITDA at 521 million zlotys and net profit at
348 million zlotys miss Reuters poll of 574.9 million zlotys and
362.1 million zlotys respectively
     ** Krzysztof Kawa from Erste Group says Dino was expected
to report "rather disappointing" results after Jeronimo Martins'
 JMT.LS  Biedronka figures, but its performance "came below even
the lowest forecast"
    ** Trigon analyst Grzegorz Kujawski also flags results "well
below consensus and our forecasts"
    ** Shares are on track for their worst day since in about 4
years and 5 months, if losses persist, and touches its lowest
price in about 22 months
    ** Including Friday's fall, the stock has dropped by about
35% YTD
    ** Dino sits at the bottom of Polish blue-chip index WIG20
 .WIG20  

 (Reporting by Julia Kotowska and Olga Sawczuk)
 ((julia.kotowska@thomsonreuters.com))