Company announcement no. 11 2019/20 – INSIDE INFORMATION
Allerød,
Trading update for Q3 2019/20
(1 April –
Matas reports strong Christmas season quarter with more customers, strong growth and record-high online sales. Guidance revised upwards.
Underlying like-for-like sales, i.e. sales in stores operated by the Group in both Q3 2019/20 and Q3 2018/19, were up by 4.7% in Q3 2019/20.
As was expected, Black Friday was Matas’ biggest shopping day in the Group’s 71-year history. The Group recorded positive like-for-like growth in every single month of the quarter. The number of transactions was up by 2.2% over the year-earlier period, and the average basket size grew by 2.0% to
The Group’s digital transformation continued at full speed with sales on matas.dk surging by a record-high 83.9% in Q3 2019/20. Factoring in Firtal’s revenue, 16.2% of sales were completed online, compared with 8.5% in the year-earlier period.
”We aim to be the customer’s first choice, online as well as in our stores. Online sales are generally less profitable than physical store sales, but the key is in the interaction between the channels – in the Christmas season quarter alone, matas.dk generated a footfall of more than 250,000”, says
Revenue for the first nine months of 2019/20 was
Against the background of the stronger than expected sales in Q3 2019/20, the Group has revised upwards its financial targets for financial year 2019/20 on two counts (overall revenue growth and underlying revenue growth) relative to the targets announced in the interim report for H1 2019/20 (see company announcement no. 10 2019/20).
The Group is now expecting overall revenue growth of around 5% (revised from 3.5-5.5%) and underlying like-for-like revenue growth of around 1.5% (revised from 0.5-1.5%).
The CAPEX forecast is unchanged at
The interim report for the first nine months of 2019/20 will be released on
Contacts
CEO, tel +45 48 16 55 55
Anders T. Skole-Sørensen
CFO, tel +45 48 16 55 55
Elisabeth Toftmann Klintholm
Head of Investor Relations & Corp. Affairs, tel +45 48 16 55 48
Attachment
- Matas trading update 3. kvartal 2019_20 FINAL
UK
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