Here is a pre-earnings company report on Verkkis from Arttu, as the company reports its results ![]()
Verkkokauppa.com will publish its Q1 results on Thursday at 8:00 am. We expect sales growth to have remained strong in Q1, but profitability to have stagnated. The company will likely reiterate its guidance, but in our view, the earnings growth outlook for the current year has weakened since our last update. For this reason, we lowered our forecasts for both the current year and the coming years. A strong balance sheet, neutral valuation, and slight earnings growth should be sufficient for a positive outlook, which is why we reiterate our Accumulate recommendation. However, the target price is lowered to EUR 3.6 (prev. EUR 4.5) due to the forecast changes.