Brief: Verkkokauppa.Com Q3 Operating Profit Rises To EUR 5.6 Mln

Verkkokauppa.com Oyj

23/10/2020 06:04

Oct 23 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM'S INTERIM REPORT FOR 1 JANUARY– 30
SEPTEMBER 2020: STRONG PERFORMANCE AS E-COMMERCE DISRUPTION
CONTINUES TO ACCELERATE
    * Q3 REVENUE 129 MILLION EUROS (7-9/2019: 121), GROWTH OF
7.3%
    * Q3 OPERATING PROFIT 5.6 MILLION EUROS (4.3)
    * VERKKOKAUPPA.COM OYJ - BOARD OF DIRECTORS HAS RESOLVED TO
PAY A
QUARTERLY DIVIDEND OF 0.055 EUROS PER SHARE AFTER REPORTING
PERIOD
    * ON 24 SEPTEMBER 2020, COMPANY ISSUED A POSITIVE PROFIT
WARNING
AND UPDATED FINANCIAL GUIDANCE FOR 2020
    * VERKKOKAUPPA.COM OYJ'S BUSINESS OPERATIONS ARE ESTIMATED
TO
DEVELOP POSITIVELY WITHIN A MEDIUM-TERM TIME FRAME
    * BELIEVES THAT IT WILL SUCCEED IN FURTHER GROWING ITS
MARKET
SHARE IN CHOSEN CATEGORIES
    * HAS BENEFITED FROM SHIFTING CONSUMER BEHAVIOR ACCELERATED
BY
COVID-19 PANDEMIC
    * EXPECTS THIS TREND TO CONTINUE LONGER COVID-19 PANDEMIC
PERSISTS
AND THAT SHIFT TO ONLINE SALES CHANNELS BECOMES PERMANENT AS
CONSUMERS AND BUSINESSES ADAPT NEW BEHAVIORS
    * PROLONGATION OF COVID-19 PANDEMIC CONTINUES TO HAVE A
NEGATIVE
IMPACT ON SPENDING ON TRAVEL AND SERVICE SECTORS
    * UNCERTAINTIES CONCERNING FUTURE BUSINESS OUTLOOK REMAIN
SIGNIFICANT AND RELATE TO MACROECONOMIC DEVELOPMENTS AND
PREVAILING COVID-19 SITUATION

Source text for Eikon:  ID:nGNE5yQ5g2 
Further company coverage:  VERK.HE 

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