Bildkälla: Stockfoto

Footway: Profit warning suggests SEK 25m negative y/y delta in Q1 LBITA - SEB

Amid its ongoing new issue (of SEK 150m), Footway has pre-released Q1 expectations, stating that "EBITA will be about SEK 25m lower y/y". In Q1 2021 the group recorded EBITA of SEK -13m. The company is experiencing continuing supply chain issues, as well as a weaker market: Svensk Handel's STILindex is indicating a 12.1% y/y lfl decrease in the Swedish footwear market in February YTD. In all, this suggests cutting our current LBITA estimate of SEK -15m, to SEK 38m.

Amid its ongoing new issue (of SEK 150m), Footway has pre-released Q1 expectations, stating that "EBITA will be about SEK 25m lower y/y". In Q1 2021 the group recorded EBITA of SEK -13m. The company is experiencing continuing supply chain issues, as well as a weaker market: Svensk Handel's STILindex is indicating a 12.1% y/y lfl decrease in the Swedish footwear market in February YTD. In all, this suggests cutting our current LBITA estimate of SEK -15m, to SEK 38m.
Börsvärldens nyhetsbrev
ANNONSER