Global Fashion Group - German online fashion retailer (Iconic etc) provides outlook, stock has slumped recently given its CIS exposure, having released in Q4 results today; stock enjoys a jump, driven by positive outlook and very good recent trading results, exc. CIS:
”OUTLOOK 2022During January and February 2022, the Group grew NMV on a constant currency basis by 23% and, excluding CIS, grew NMV by 13%. The elevated level of uncertainty in CIS on future customer demand, supply of imported products and potential operational, financial or legal constraints means we are currently unable to provide guidance for FY2022. For our other three regions, we expect the demand environment seen in H2 2021 to continue into H1 2022 and progressively improve into H2 2022. We will issue our 2022 guidance once we have a clearer view.”
Ann: S&P DJI Announces March 2022 Quarterly Rebalance, page-12
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