Brief: Verkkokauppa.Com Estimates Rev To Be Between 520-545 Mln Euros For 2020

Verkkokauppa.com Oyj

21/07/2020 16:59

July 21 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * VERKKOKAUPPA.COM - ISSUES POSITIVE PROFIT WARNING AND
PROVIDES
PRELIMINARY INFORMATION ON ITS SECOND-QUARTER REVENUE AND
COMPARABLE OPERATING PROFIT
    * ESTIMATES REVENUE TO BE BETWEEN 520-545 MILLION EUROS AND
COMPARABLE OPERATING PROFIT TO BE BETWEEN 13-18 MILLION EUROS
FOR 2020
    * IN Q2 OF 2020, REVENUE TOTALED ABOUT 123 MILLION EUROS
(4-6/2019: 108 MILLION EUROS)
    * Q2 OF 2020 COMPARABLE OPERATING PROFIT TOTALED
APPROXIMATELY 4.8
MILLION EUROS (4-6/2019: 0.2 MILLION EUROS)
    * COMPARABLE OPERATING PROFIT INCREASED ESPECIALLY DUE TO
BETTER
THAN EXPECTED SALES AND SALES MARGIN DURING Q2
    * EXPECTS THAT SECOND HALF OF YEAR COULD BE MORE CHALLENGING
AND
UNPREDICTABLE

Source text for Eikon:  ID:nGNE7dyzCL 
Further company coverage:  VERK.HE 

 ((Reuters.Briefs@thomsonreuters.com;))