Financial reporting

XXL sees 6% sales boost in Q1 as market share rises but margins squeezed

By Heather O'Brian 2023-04-27T05:10:00

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XXL ASA generated revenues of 1,984 million Norwegian kroner (€168.8m) from continuing operations in the first quarter of 2023, up by 6.4 percent compared to the year earlier, as heavy discounts allowed the company to post sales growth and gain market share but squeezed profit margins. Like-for-like sales growth stood ...

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