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SENASTE
Q4 figures were pre-announced and they beat expectations on earnings despite sales continuing to decline by 7% yoy in Q4. As expected Verkkokauppa.com guides for growth in sales and adj. EBIT. This as such does not tell much as we and consensus are expecting close to a doubling in adj. EBIT. Verkkokauppa.com proposes no dividend, which we find prudent as a return to consumer activity has not been seen yet.
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