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SENASTE
We believe Q3 will remain a challenging quarter with consumer demand being muted and highly price sensitive. The leading indicators for future demand growth have started to improve which is positive long-term – for example, Euribor 12-month 2.77% (27 September) is well below a year ago (4.22%). Verkkokauppa.com has restructured the business in recent years so once demand recovers the profit contribution should improve.
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