According to the company, however, the economic difficulties require flexibility from its business operations.
19.7. 16:46
Department store company Stockmann expects the group’s turnover to increase and the adjusted operating result to improve compared to last year, Stockmann informs in its earnings warning.
Stockmann says that the forecast is based on the assumption that there will be no major changes in consumption during the rest of the year. However, global geopolitical instability, high inflation, difficulties in supply chains and international logistics, as well as coronavirus restrictions require “adaptability and flexibility” from the group’s business operations.
In the past in his earnings forecast at the end of April, Stockmann expected the group’s turnover to increase and the adjusted operating result to be clearly positive.
Stockmann says he will publish his half-year report on Friday.
#Companies #Stockmann #gave #positive #result #warning
