Brief: Matas Q1 2018/19 Revenue Grew By 3.8%

Matas A/S

20/08/2019 07:18

Aug 20 (Reuters) - Matas A/S  MATAS.CO :
    * REG-INTERIM REPORT - Q1 2019/20 IMPROVING TOP-LINE AND
HISTORICALLY STRONG ONLINE SALES GROWTH
    * REG-INTERIM REPORT - Q1 2019/20 IMPROVING TOP-LINE AND
HISTORICALLY STRONG ONLINE SALES GROWTH
    * OVERALL, WE PERFORMED IN LINE WITH OUR EXPECTATIONS IN Q1
OF
FINANCIAL YEAR
    * Q1 UNDERLYING LIKE-FOR-LIKE SALES WERE DOWN BY 1.2%
    * IMPACTED BY LOWER NUMBER OF TRADING DAYS THAN IN SAME
PERIOD
LAST YEAR
    * REVENUE WAS ADVERSELY AFFECTED BY TWO TRADING DAYS FEWER
THIS
QUARTER THAN IN Q1 2018/19
    * Q1 IMPACTED BY HIGHER COSTS, EBITDA BEFORE EXCEPTIONAL
ITEMS
CAME TO DKK 119.8 MILLION, COMPARED WITH DKK 138.3 MILLION IN
SAME PERIOD OF LAST YEAR
    * GROUP'S FINANCIAL TARGETS FOR 2019/20 ARE BASED ON
ASSUMPTIONS
OF SLIGHTLY GROWING SALES OF BEAUTY, HEALTH AND PERSONAL CARE
PRODUCTS, A CONTINUING DECLINE IN PHYSICAL STORE FOOTFALL AND
PERSISTENTLY INTENSIVE COMPETITION IN BEAUTY, HEALTH AND
PERSONAL CARE MARKET
    * REVENUE GREW BY 3.8% OVER Q1 2018/19
    * Q1 2019/20 PERFORMANCE WAS IN LINE WITH EXPECTATIONS, AND
GROUP
CONSEQUENTLY MAINTAINS ITS FINANCIAL TARGETS FOR FINANCIAL YEAR
2019/20

Source text for Eikon:  ID:nGNEWmH7z 
Further company coverage:  MATAS.CO 

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