Verkkokauppa.com - Q3 result in line with expectations
Verkkokauppa.com’s Q3’20 revenue grew by 7.3% y/y and was EUR 129m vs. Evli EUR 126m and consensus of EUR 127m. Adj. EBIT was EUR 5.6m vs. EUR 5.3m/5.3m Evli/cons. 2020 guidance: the company expects revenue to be 525-550 million euros and comparable operating profit to be 17-21 million euros.
- Q3 revenue was EUR 129m (7.3% y/y) vs. EUR 126m Evli view and EUR 127m consensus. Growth was good especially in mid-sized and evolving categories.
- Q3 gross profit was EUR 20.9m (16.2% margin) vs. EUR 20.7m (16.4% margin) Evli view.
- Q3 adj. EBIT was EUR 5.6m (4.3% margin) vs. EUR 5.3m (4.2% margin) Evli view and EUR 5.3m (4.2% margin) consensus.
- Q3 eps was EUR 0.09 vs. EUR 0.09/0.09 Evli/cons.
- 2020 guidance: the company expects revenue of EUR 525-550m and comparable operating profit of EUR 17-21m.
- The company also decided on a quarterly dividend of EUR 0.055 per share.