Puuilo released an excellent Q3 result. Revenue growth was primarily driven by new store openings, while like-for-like growth was in line with the prior year.

Puuilo will report its Q3'24 (August-October) results on Wednesday. We expect the company to continue the strong growth seen in the first half of the year, with new store openings and moderate growth in existing stores.

Puuilo released its Q2 report last week. In an interview with analyst Arttu Heikura we hear why Puuilo keeps growing in a rough market. We also discuss the expansions of the store network, possible risks, and the outlook. Peers and possible internationalization are also touched upon.

Puuilo's Q2 (May-July) figures were broadly in line with our expectations in terms of profitability. The strong but slightly lower than expected revenue growth was driven by a network that grew by several stores year-on-year and by a healthy increase in sales from older stores.