Event: Sales and gross profit margin for December revealed.
On Thursday, during the WSE trading hours, Action informed about their sales and gross profit margin on sales in December. The Group’s consolidated revenues reached PLN 222 million (down 6% yoy) and the gross profit margin on sales stood at 8.0% (up 0.2 pp mom, up 0.3 pp yoy).
Expected impact: Neutral, as the news reached the market during the WSE trading. We cannot preclude that the reported margin may finally turn higher than the preliminary one, as it was the case before. The revenue decline is definitely below the Company’s goal for the previous year which indicated a revenue growth dynamic within the range of 5%-10% yoy
Analyst Jakub K. Viscardi
This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0.
10/2023/AR January 9, 2023
