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Verkkokauppa has pre-announced Q4. A small EUR 1.6m (<2%) inventory write-down dropped results below guidance. Q4 sales came down by 8% y/y and EBIT margin excluding the inventory write-down was 1.5% (versus 3.2% in Q4 2021). Verkkokauppa announced a new cost-cutting programme that aims to save EUR 10m by 2024: it is taking action but recovery will take longer.
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