Ceconomy’s Q2 performance was slightly ahead of market expectations. The group’s lfl sales improved 18% yoy, benefitting from a gradual lifting of COVID related restrictions. While the momentum continued in April 2022, we take a more cautious stance about the times ahead, considering the inflationary headwinds in areas like consumer demand and the supply chain. This is despite the estimation of a higher sale contribution from the brick & mortar format. We will trim our financial estimates but ma ....
16 May 2022
Robust Q2 results; testing times ahead!
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Robust Q2 results; testing times ahead!
Ceconomy’s Q2 performance was slightly ahead of market expectations. The group’s lfl sales improved 18% yoy, benefitting from a gradual lifting of COVID related restrictions. While the momentum continued in April 2022, we take a more cautious stance about the times ahead, considering the inflationary headwinds in areas like consumer demand and the supply chain. This is despite the estimation of a higher sale contribution from the brick & mortar format. We will trim our financial estimates but ma ....