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Consumer demand for high ticket items has remained muted despite the 12-month Euribor rate having declined to 2.7% from 4.1% a year ago. This should leave more euros for spending but consumers have kept their purses tight. It remains to be seen what the spirit will be during Christmas campaign season, but in our opinion it won’t help Verkkokauppa.com ‘s FY 2024. We expect zero dividends again.
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