Brief: Matas Q3 EBITDA Ex-Items Up At DKK 218.9 Million

Matas A/S

27/02/2020 07:29

Feb 27 (Reuters) - Matas A/S  MATAS.CO :
    * 9M 2019/20 - EARNINGS GROWTH IN MATAS ON THE BACK OF
STRONG
CHRISTMAS SEASON QUARTER WITH HIGHER SALES, MORE CUSTOMERS AND A
NEW ONLINE SALES RECORD. GUIDANCE UPGRADED
    * 9M 2019/20 - EARNINGS GROWTH IN MATAS ON THE BACK OF
STRONG
CHRISTMAS SEASON QUARTER WITH HIGHER SALES, MORE CUSTOMERS AND A
NEW ONLINE SALES RECORD. GUIDANCE UPGRADED
    * Q3 REVENUE GREW BY 7.4%, WHILE UNDERLYING LIKE-FOR-LIKE
SALES,
I.E. SALES IN STORES OPERATED IN BOTH Q3 2019/20 AND Q3 2018/19,
WERE UP BY 4.7% IN Q3 2019/20.
    * Q3 GROSS MARGIN WAS 43.9% AGAINST 44.0% IN Q3 2018/19.
    * GROUP'S LONG-TERM FINANCIAL AMBITIONS ARE UNCHANGED.
    * FINANCIAL TARGETS FOR FINANCIAL YEAR 2019/20 ARE AS
FOLLOWS:OVERALL REVENUE GROWTH OF ABOVE 5% (PREVIOUSLY: AROUND
5%)
    * TARGET: 2019/20 EBITDA MARGIN BEFORE EXCEPTIONAL ITEMS OF
14-14.5 % BEFORE IFRS 16 (PREVIOUSLY: 14-15%)
    * GROUP'S REVENUE GUIDANCE FOR REMAINDER OF FINANCIAL YEAR
2019/20
DOES NOT FACTOR IN ANY SIGNIFICANT EFFECTS OF SPREADING OF
COVID-19 VIRUS
    * FINANCIAL TARGETS FOR 2019/20: UNDERLYING LIKE-FOR-LIKE
REVENUE
GROWTH OF ABOVE 1.5% (PREVIOUSLY: AROUND 1.5%)
    * Q3 EBITDA BEFORE EXCEPTIONAL ITEMS CAME TO DKK 218.9
MILLION, UP
FROM DKK 206.0 MILLION IN YEAR-EARLIER PERIOD

Source text for Eikon:  ID:nGNE50mxyR 
Further company coverage:  MATAS.CO 

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