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SENASTE
Verkkokauppa.com is suffering from deteriorating consumer confidence as well as the late start of spring in Finland. Verkkokauppa.com's avg. spend per customer is > EUR100, which suggests investment-like goods for many customers. The new adj. EBIT guidance points to decline from 31 to 61% with mid-point currently 10% below current consensus. Close to debt-free BS will enable company to navigate through the weaker sentiment, but it takes more time for the tide to turn.
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