This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 4.0. 347/2024/AR/June 10, 2024
Event: Sales and gross profit margin for May revealed.
On Friday, during the WSE trading hours, Action released preliminary sales and gross profit margin on sales for May. The Group’s consolidated revenues reached PLN 169 million (down 7% yoy) and the gross profit margin on sales in May arrived at 8.0% (-0.2 mom/ 0.0 pp yoy).
For January-May cumulatively, Action’s revenues stand at PLN 962 million (up 1% yoy) with the weighted average gross margin on sales at 7.9% (-0.2 pp yoy).
Expected impact: Neutral; the reported margin may prove to be higher than the preliminary one, as it was in the previous quarters.
The report is not a recommendation within the meaning of Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest.
