Puuilo

Puuilo's Q4 report painted an overall positive picture, driven by earnings growth.

The solid earnings development was fueled by revenue growth across the group and an improved relative gross margin.

We expect the company's earnings to have increased due to the expansion of its store network.

We continue to see strong long-term growth and value creation potential for the company, and the share valuation has moderated as well.

The rapid sales growth is attributable to the record-fast expansion of the store network and moderate like-for-like growth.

The company's revenue is expected to continue growing rapidly, despite the market situation, supported by new store openings.