Polish retailer Modivo slides on Q2 preliminary results miss

Modivo SA

07/08/2026 08:48

** Polish fashion retailer Modivo MDVP.WA shares slump as much as 9.6% after it reported preliminary Q2 results below market expectations
** Modivo's adjusted core profit came at 390 million zlotys ($104.5 million), below 407 million zlotys seen in Reuters poll 
** 'In summary, the group's overall results were weak (...)adjusted EBITDA was 12% below our consensus' Trigon analyst Grzegorz Kujawski said in a note  
** 'Only HalfPrice exceeded our expectations in Q2, and we see room to increase our projected EBITDA for the banner by approximately 15%. At the same time, we see justification for lowering our forecasts downward for the other key banners.' , he adds
       

(Reporting by Marta Maciag)
((Marta.maciag@thomsonreuters.com))