Brief: XXL Q1 EBITDA NOK 12 Mln
29/04/2025 06:18
April 29 (Reuters) - XXL ASA XXL.OL: XXL Q1 REVENUE NOK 1,700 MILLION XXL Q1 EBITDA NOK 12 MILLION XXL MANAGED TO COMPENSATE REDUCED WINTER SALES WITH GROWTH IN NON-SEASONAL CATEGORIES INVENTORY WAS STABLE IN VALUE, AND EBITDA AMOUNTED TO NOK 12 MILLION (NOK 12 MILLION). CURRENTLY WORKING ON SEVERAL SHORT-TERM TURNAROUND ACTIONS AND A LONGER-TERM STRATEGIC PLAN IDENTIFIED MUST WIN BATTLES ARE EXPECTED TO DELIVER AN EBITDA RUN-RATE UPLIFT OF NOK 500-750 MILLION HAS THUS FAR ONE NEW STORE OPENING SIGNED FOR 2025 AS WELL AS ONE STORE CLOSURE. XXL WILL BE DOWNSIZING SEVERAL EXISTING STORES Source text: ID:nObi70Mtsa Further company coverage: XXL.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;;))
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