Puuilo Oyj Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw strong growth with net sales up 16.3% and adjusted EBITA up over 50% year-over-year, driven by increased customer traffic and private label sales. Guidance for the year remains unchanged, with continued expansion in Finland and preparations for entry into Sweden.
Fiscal Year 2025
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Q4 and full-year results showed strong sales and profitability growth, driven by increased customer traffic and private label sales. The outlook for FY2026 is positive, with continued expansion in Finland and preparations for entry into Sweden, despite ongoing economic uncertainties.
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Q3 net sales grew 13.7% year-over-year to EUR 116.2 million, driven by a 16% increase in customer traffic and strong private label sales. Gross margin and adjusted EBITDA improved, with full-year guidance reaffirmed despite economic uncertainties.
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Net sales and profitability grew strongly in H1, driven by increased customer traffic and private label sales. The updated strategy targets over 90 stores in Finland, entry into Sweden, and annual sales growth above 10%, with a focus on maintaining high profitability and strong cash flow.
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First quarter net sales grew 18.4% year-over-year to €89.3 million, with strong private label and online sales growth. Profitability improved, and the outlook for the year remains positive despite macroeconomic and geopolitical uncertainties.
Fiscal Year 2024
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Net sales grew 13.3% to EUR 383.4 million, with adjusted EBITDA up nearly 24% to EUR 67 million. Private label sales and cost efficiency drove margin gains, while the board proposes a total dividend of EUR 0.70 per share. Outlook anticipates further growth and continued expansion.
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Q3 net sales grew 10.8% to €102.2 million, with gross margin up to 38% and Adjusted EBITDA rising 28.9%. Despite flat like-for-like sales due to lower basket size, customer traffic increased and profitability improved. Full-year guidance remains cautious amid economic uncertainty.
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Net sales and profitability grew strongly in Q2 and H1, driven by increased customer traffic and successful new store openings. Guidance was narrowed due to weaker consumer confidence and smaller basket sizes, but financial position remains stable and expansion continues.
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Q1 net sales grew 16.1% to EUR 75.4 million, with strong customer traffic and improved gross margin. Adjusted EBITDA rose to EUR 8.3 million, while guidance for the year remains unchanged despite ongoing macroeconomic and supply chain uncertainties.