Event: Preliminary 3Q23 financial results released – NP in line with our forecasts.
On Monday, during the WSE trading hours, Action released preliminary 3Q23 financial results.
• 3Q23 revenues at PLN 641.0 million (up 11% yoy) are almost in line with the earlier published preliminary figures (PLN 643,0 million).
• The gross margin on sales reached 8.5% and was in line with our expectations while materially higher than monthly preliminary readings (7.7%).The Company’s adj net profit reached PLN 8.1 million (down 14% yoy) vs our forecast at PLN 8.3 million.
Expected impact:
Neutral; as the information was released yesterday during the market hours. The Company’s preliminary financial results are in line with our forecasts. Final 3Q23 figures will be revealed on November 29.
