Brief: Migros Q2 Net Profit Increases To 1.50 Billion Lira

Migros Ticaret AS

03/08/2023 06:25

Aug 3 (Reuters) - MIGROS TICARET  MGROS.IS :
    * SAID ON WEDNESDAY Q2 NET PROFIT 1.50 BILLION LIRA VERSUS
440.8
MILLION LIRA YEAR AGO
    * Q2 REVENUE 32.95 BILLION LIRA VERSUS 15.96 BILLION LIRA
YEAR AGO
    * REVISES 2023 CONSOLIDATED SALES GROWTH GUIDANCE TO AROUND
90%
FROM 80%-85%
    * REVISES EBITDA MARGIN GUIDANCE FOR 2023 TO %6.5-%7.0 FROM
%7.0-%7.5
    * NEW STORE OPENINGS TARGET FOR 2023 REVISES TO AROUND 450
STORES
FROM AROUND 365 STORES
    * REVISES 2023 TOTAL CAPEX TARGET TO AROUND 6 BILLION LIRA
FROM
AROUND 4 BILLION LIRA
    * PLANS TO HIRE AROUND 10,000 ADDITIONAL EMPLOYEES IN 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA96c1MS urn:newsml:reuters.com:*:nIKAb3QtMG
 Further company coverage:  MGROS.IS  

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