๐ ๐๐ซ๐ ๐๐๐ง๐ข๐ฌ๐ฌ๐
โข Q3 Revenue: โฌ946 million (-4%, currency-adjusted -5%)
โข EBIT: โฌ81 million (previous year: โฌ95 million)
โข EBIT Margin: 8.6% (previous year: 9.6%)
โข Gross margin: 63.3% (+220 basis points)
โ
๐ฏ ๐๐ฎ๐ฌ๐๐ฅ๐ข๐๐ค
โข EBIT 2026: โฌ250 million to โฌ300 million (previously โฌ300 million to โฌ350 million)
โข Currency-adjusted revenue decline in the high single-digit percentage range (previously mid- to high-single-digit range)
โข Short-term net operating assets: approximately 21% of revenue (previously 20%)
โข Capital expenditures: 4% to 5% of revenue (previously approximately 4%)
โ
๐ Key Points
โข Higher non-cash depreciation on IT assets resulting from rapid AI and technological change are weighing on the profit forecast
โข Weak consumer demand and strategic realignment continue to weigh on revenue
โข Efficiency gains in procurement and optimized pricing significantly improve the gross margin
โข Higher capital expenditure ratio reflects the strategic acquisition of a logistics property previously leased
โข Full Q3 results will be released on November 3, 2026