Puuilo announced a new store opening
Translation: Original comment published in Finnish on 05/02/2024 at 7:08 am EEST
Puuilo announced that it will open a new store under its current concept in Äänekoski in Central Finland in late 2024. The store in Ääenkoski will be the last of the 6 store openings planned by Puuilo for this year. We are neutral about the news, but it strengthens our view of achieving the network of 48 Puuilo stores during the current financial year.
The store will be opened next to Halpahalli along Jyväskyläntie. Being close to competitors enables Puuilo to have a higher customer flow and the ability to undermine their market share (which the company provided evidence of in its Investor Day). The new store's floor area is about 3,000 square meters and it will employ 13-15 new employees when it opens, which is slightly below our estimated average store personnel (~18). This may be due to the optimization of store personnel costs announced by Puuilo, e.g., through more efficient refill orders and shift planning.
Puuilo
Puuilo är verksamt inom detaljhandelsbranschen. Bolaget driver och förvaltar över ett flertal butiker och handelsplatser. Utbudet är brett och inkluderar artiklar inom hushåll- och sällskapsdjur som vidaresänds under egna eller övriga varumärken. Kunderna består huvudsakligen av privata aktörer runtom den globala marknaden. Störst närvaro återfinns inom Finland.
Read more on company pageKey Estimate Figures24/04
2023 | 24e | 25e | |
---|---|---|---|
Omsättning | 338,5 | 391,2 | 430,8 |
tillväxt-% | 14,20 % | 15,56 % | 10,13 % |
EBIT (adj.) | 52,8 | 63,8 | 72,7 |
EBIT-% | 15,60 % | 16,31 % | 16,88 % |
EPS (adj.) | 0,46 | 0,56 | 0,64 |
Utdelning | 0,38 | 0,45 | 0,51 |
Direktavkastning | 4,26 % | 4,53 % | 5,22 % |
P/E (just.) | 19,56 | 17,67 | 15,33 |
EV/EBITDA | 12,65 | 11,56 | 9,69 |