Verkkokauppa.com reported 10% sales growth for Q2/25, which was the second quarter of positive growth following 13 quarters of sales declines. The other lines moved in the right direction too. The gross margin improved by 70bp y/y and adj. fixed costs declined by 5%. It is a strong position to enter to important back-to-school and Christmas seasons. We believe FY/25 will see Verkkokauppa.com return to its pre-pandemic adj. EBIT.
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