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SENASTE
Verkkokauppa.com has proactively made cost savings which showed in Q3 with personnel and other fixed costs down by 12%. Despite this good news, demand is just not there. Sales in Q3 declined by 15% y/y in Q3 which marks the weakest quarter so far in the year. Verkkokauppa.com sells high ticket items, so future demand growth is combinations of consumer confidence recovery and needed replacements.
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