Event: Sales and gross profit margin for September revealed.
Yesterday, during WSE trading hours, Action informed about their preliminary sales and gross profit margin on sales in September. The Group’s consolidated revenues reached PLN 214 million (up 6% yoy) while the gross profit margin on sales advanced 0.1 pp mom and amounted to 7.2%.
Expected impact: Neutral, as the information hit the market during yesterday’s trading. It’s likely that the reported margin may finally turn higher than the preliminary one, as it was the case before, in our view. The revenue growth dynamic stays in the range 5--10% which corresponds with the Company’s target this year
Analyst: Jakub K. Viscard
GPW’s Analytical Coverage Support Programme 3.0
