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SENASTE
CEO describes the market as having weak demand and very price competitive. Sales came down 6.5% yoy and adj. EBIT to negative EUR 1.7m vs. SEBe break-even. Verkkokauppa also downgraded guidance for adj. EBIT to be lower than in 2023 (vs. previously growing). We have argued that Verkkokauppa.com has probably the best earnings delta when consumer sentiment recovers. The recovery is just postponed.
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