Askul Corp - Q4 22 Results Reaction: Mixed as Growth Looks Appealing but Profits Light

Askul Q1 23 Results Reaction: Solid Revenue but OP Down on Front-Loaded Investments

Askul Corp - Q3 22 Results Reaction: Margin Concerns Hold Back Shares Despite Beat

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<ul>
<li>Results for Q2 were better than we expected as B2B sales growth remained robust whilst cost savings on the consumer side boosted margins</li>
<li>A rather robust decline in revenue for Lohaco is the only negative that stands out but this was partially anticipated whilst the corresponding cost savings are a boon</li>
<li>An 11% increase in operating profit for Q2 offsets weakness from the previous report and puts the company on track to meet guidance for full-year growth</li>
</ul>


Results for Q2 were better than we expected as B2B sales growth remained robust whilst cost savings on the consumer side boosted margins
A rather robust decline in revenue for Lohaco is the only negative that stands out but this was partially anticipated whilst the corresponding cost savings are a boon
An 11% increase in operating profit for Q2 offsets weakness from the previous report and puts the company on track to meet guidance for full-year growth


Askul Q2 23 Results Reaction: B2B Growth and B2C Cost Savings Drive Solid Quarter