This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0.
502/2022/AR
Event: Sales and gross profit margin for August revealed.
On Wednesday, during WSE trading hours, Action informed about their preliminary sales and gross profit margin on sales in August. The Group’s consolidated revenues reached PLN 189 million (up 7% yoy) while the gross profit margin on sales lost 0.1 pp mom and amounted to 7.1%.
Expected impact: Neutral, as the information hit the market during Wednesday’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
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