Verkkokauppa.com
Verkkokauppa: Q1 should be a tough quarter - SEB (SEB Research)

2024-04-23 09:42

We have said many times that we think Verkkokauppa.com will be ready when consumers are. The company has invested in speedy delivery as it believes this will give it a competitive edge once the consumer market recovers. Despite seeing some recovery in sales in Q4/23, we think sentiment has been weak in Q1 as consumers are paying back holiday credit card debt and are still dealing with the rise in interest rates.

SEB Research

This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.


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