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The market has remained tough during Q2. Our web traffic survey shows that Verkkokauppa.com’s unique visitors were down 13% y/y in April-May. In addition, we see that the market has been price-driven and we forecast gross margin down 10bp q/q in Q2 (up 50bp y/y). Verkkokauppa.com built KPIs as well as carried out cost cuts last year, so it is ready to benefit when consumers are back online and in stores.
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