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.

Puuilo will report its Q2 results on Thursday September 12 at 8:30 am EEST. Although the retail trade has seen a slowdown recently, we believe the company was one of the market winners, as in previous quarters.

We took a field trip to a Puuilo store in Helsinki. Puuilo issued a strategy update in April. In the video analyst Arttu Heikura comments, e.g., on the main takeaways of the new strategy, private labels, and the cost structure.

Puuilo’s Q1 left no doubts: strong growth in customer numbers, combined with high profitability, with an expected improvement in gross-margin. Analyst Arttu Heikura summarizes.

Puuilo released a fairly expected Q1 result (February-April). Revenue grew strongly thanks to new store openings and the increase in the number of customers in existing stores.