Finnish discount retailer Puuilo Oyj (PUUILO.HE) on Thursday reported higher first-quarter profit as sales and margins improved across the business, and also maintained fiscal 2026 view.
On the Helsinki Stock Exchange, shares of Puuilo were gaining 10.89 percent, changing hands at 15.48 euros.
Net income for the quarter rose to 11.3 million euros from 7.3 million euros a year earlier. Earnings per share increased to 0.13 euros from 0.09 euros last year.
Operating profit, or EBIT, grew to 15.7 million euros from 10.4 million euros a year before, with EBIT margin expanding to 15.1 percent from last year's 11.7 percent.
EBITA climbed to 16.1 million euros from 10.8 million euros in the prior year, lifting EBITA margin to 15.5 percent from 12.1 percent a year ago.
Adjusted EBITA was 16.3 million euros, 50.2 percent higher than 10.8 million euros last year, with the adjusted EBITA margin rising to 15.7 percent from 12.1 percent.
Quarterly sales increased 16.3 percent to 103.8 million euros from 89.3 million euros a year ago, while like-for-like store sales grew 7.7 percent compared with 6.5 percent in the same period last year.
Online store net sales increased 17.6 percent.
Looking ahead to full year 2026, Puuilo continues to expect net sales of 480 million euros to 510 million euros and adjusted EBITA of 80 million euros to 90 million euros. The company cited that uncertainty related to consumer purchasing power and behaviour, as well as geopolitical crises and international tensions may affect product availability and prices.
"We expect the new stores to support growth during the rest of the financial year. For the full financial year, we are targeting at least eight new store openings," Chief Executive Juha Saarela said.
Further ahead, for the 2026-2030 strategy period, the company targets net sales growth above 10 percent CAGR to exceed 800 million euros by financial year 2030, an adjusted EBITA margin above 17 percent, and profit distribution of at least 80 percent of net income.
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