Investing in your personal health
The spring and summer seasons have proved strong for the sports retail markets in the Nordics following the Covid-19 situation. Whilst we have been focusing to distance ourselves socially and to work from home, we have in parallel been able to invest in the home exercise equipment and actively gear up in sports such as bicycling, golf and home gym. XXL has seen solid growth across its categories.
Consequently, XXL now, June 16, expects the total operating revenues for the Group in Q2 2020 to be in the range of NOK 2,750-2,850 million (NOK 2,187 million) representing a growth of 25-30 per cent. All Nordic markets experience strong growth leading to solid like-for-like growth. EBITDA-margin for the quarter is expected to be in the range of 12.5-13.5 per cent.
It should be noted that the actual operating revenues and EBITDA-margin in Q2 2020 may deviate from the above as the two last weeks of June are important sales weeks for the Group. XXL will present the actual second quarter 2020 figures on 16 July 2020.