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SENASTE
Challenging market with no recovery in consumer demand post summer. Q3 showed a 15% sales decline which was the weakest quarter during 2023 (Q1: -2.3% y/y, Q2: -10.2%). Gros margin up 130bp which is a good achievement and highlights good work with own products but also highlights that Verkkokauppa.com does not have the inventory it needs to dump in the market (down 24% y/y). Fixed costs excl. depreciation down 12% y/y, so Verkkokauppa.com is ready once the market rebounds.
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