Brief: Matas Q3 Revenue Up At DKK 1,173 Mln

Matas A/S

08/01/2020 07:23

Jan 8 (Reuters) - Matas A/S  MATAS.CO :
    * MATAS REPORTS STRONG CHRISTMAS SEASON QUARTER WITH MORE
CUSTOMERS, STRONG GROWTH AND RECORD-HIGH ONLINE SALES. GUIDANCE
REVISED UPWARDS
    * MATAS A/S GENERATED REVENUE OF DKK 1,173 MILLION IN Q3
2019/20
(1 OCTOBER 2019 - 31 DECEMBER 2019), UP 7.4% ON DKK 1,093
MILLION REPORTED FOR Q3 2018/19
    * UNDERLYING LIKE-FOR-LIKE SALES, I.E. SALES IN STORES
OPERATED BY
GROUP IN BOTH Q3 2019/20 AND Q3 2018/19, WERE UP BY 4.7% IN Q3
2019/20
    * GROUP HAS REVISED UPWARDS ITS FINANCIAL TARGETS FOR
FINANCIAL
YEAR 2019/20
    * CAPEX FORECAST IS UNCHANGED AT DKK 150-170 MILLION, AND
EBITDA
MARGIN BEFORE EXCEPTIONAL ITEMS IS STILL EXPECTED TO BE IN
14-15% RANGE (BEFORE EFFECTS OF IFRS 16)
    * GROUP IS NOW EXPECTING OVERALL REVENUE GROWTH IN 2019/20
OF
AROUND 5% ,REVISED FROM 3.5-5.5% AND UNDERLYING LIKE-FOR-LIKE
REVENUE GROWTH OF AROUND 1.5%

Source text for Eikon:  ID:nGNE1Vzn9S 
Further company coverage:  MATAS.CO 

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