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XXL Xxl AS News Story

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Consumer CyclicalsHighly SpeculativeSmall CapValue Trap

Brief: XXL Total Oper Rev In Jan 2024 Decreased To Around NOK 550 Mln

Feb 8 (Reuters) - XXL ASA  XXL.OL :
    * TOTAL OPERATING REVENUES FOR GROUP IN JANUARY 2024
DECREASED TO
AROUND NOK 550 MILLION
    * WINTER CONDITIONS HAVE BEEN FAVORABLE AND XXL HAD GROWTH
IN
IMPORTANT WINTER CATEGORIES LIKE ALPINE AND CROSS COUNTRY
    * TOTAL CAPEX FOR XXL GROUP IN 2024 IS EXPECTED TO BE AROUND
NOK
100-150 MILLION
    * MID- TO LONG-TERM XXL CONTINUES TO EXPECT PACE OF STORE
ROLL-OUT
TO BE 2-3 NEW STORES PER YEAR INCLUDING RELOCATIONS OF STORES
    * AT SAME TIME XXL WILL BE DOWNSIZING SEVERAL EXISTING
STORES

Source text for Eikon:  ID:nObirDDn4a 
Further company coverage:  XXL.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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