Brief: Matas Oct-Dec Revenue Rises To DKK 1,313 Million

Matas A/S

08/01/2021 07:29

Jan 8 (Reuters) - Matas A/S  MATAS.CO :
    * REG-TRADING UPDATE FOR Q3 2020/21 -  MATAS GREW REVENUE BY
11.9%
IN THE CHRISTMAS SEASON QUARTER. FULL-YEAR REVENUE GUIDANCE
UPGRADED
    * REG-TRADING UPDATE FOR Q3 2020/21 -  MATAS GREW REVENUE BY
11.9%
IN THE CHRISTMAS SEASON QUARTER. FULL-YEAR REVENUE GUIDANCE
UPGRADED
    * REVENUE FOR PERIOD 1 OCTOBER 2020 - 31 DECEMBER 2020 CAME
TO DKK
1,313 MILLION, UP FROM DKK 1,173 MILLION IN YEAR-EARLIER PERIOD
    * ONLINE SALES GENERATED BY MATAS.DK AND FIRTAL ACCOUNTED
FOR
25.8% OF MATAS' OVERALL REVENUE, COMPARED WITH 16.2% IN Q3
2019/20.
    * NUMBER OF TRANSACTIONS WAS DOWN BY 0.8%, WHILE AVERAGE
BASKET
SIZE GREW BY 13.3% TO DKK 213 IN Q3 2020/21.
    * Q3 UNDERLYING LIKE-FOR-LIKE SALES WERE UP BY 12.8%.
    * IS UPGRADING ITS FULL-YEAR GUIDANCE AND NOW FORECASTS
GROWTH OF
MORE THAN 10% IN BOTH OVERALL REVENUE AND UNDERLYING REVENUE, UP
FROM ITS PREVIOUS ESTIMATES OF ABOUT 8%
    * GUIDANCE UPGRADE ASSUMES THAT THERE WILL BE NO FURTHER
LARGE-SCALE LOCKDOWNS AND IS SUBJECT TO ABOVE-NORMAL
UNCERTAINTY.
    * FUNDAMENTAL DRIVER IS STRONG DEMAND FOR HEALTHCARE, HEALTH
AND
PERSONAL CARE PRODUCTS DURING PERIODS OF GROWING NUMBERS OF
COVID-19 INFECTIONS

Source text for Eikon:  ID:nGNE935KWg 
Further company coverage:  MATAS.CO 

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