Brief: Migros Q3 Net Profit Rises To 2.17 Billion Lira

Migros Ticaret AS

02/11/2023 05:34

Nov 2 (Reuters) - MİGROS  MGROS.IS :
    * SAID ON WEDNESDAY Q3 NET PROFIT OF 2.17 BILLION LIRA VS
NET
PROFIT OF 806.7 MILLION LIRA YEAR AGO
    * Q3 REVENUE OF 41.72 BILLION LIRA VS 21.82 BILLION LIRA
YEAR AGO
    * SEES 2023 CONSOLIDATED SALES GROWTH TO BE AROUND 95%
(PREVIOUS
FORECAST: AROUND 90%)
    * SEES +500 NEW STORES TO BE OPENED IN 2023 (PREVIOUS
FORECAST:
AROUND 450 STORES)
    * MAINTAINS 2023 TARGET FOR CAPEX AND EBITDA MARGIN

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKAZpbqh urn:newsml:reuters.com:*:nIKA36dKld
 Further company coverage:  MGROS.IS  

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