Puuilo Oyj
F:8JQ
Puuilo Oyj
Puuilo Oyj operates a chain of retail stores. The company is headquartered in Vantaa, Etela-Suomen and currently employs 693 full-time employees. The company went IPO on 2021-06-24. Puuilo Oyj is the Parent Company of Puuilo Group. The Group purchases the products from companies owned by related parties and sells them in retail stores. These companies manufacture products that are part of Puuilo's product range. The firm has more than 30 department stores around Finland and an online store. The product selection includes construction supplies, tools, car supplies, garden equipment, heating, ventilation, and air conditioning (HVAC) and electrical supplies, products for pets, as well as household goods, food supplies, and sports and leisure equipment. Puuilo serves mainly do-it-yourself customers and companies. Puuilo Oyj's subsidiaries are Puuilo Invest II Oy and Puuilo Tavaratalot Oy.
Puuilo Oyj operates a chain of retail stores. The company is headquartered in Vantaa, Etela-Suomen and currently employs 693 full-time employees. The company went IPO on 2021-06-24. Puuilo Oyj is the Parent Company of Puuilo Group. The Group purchases the products from companies owned by related parties and sells them in retail stores. These companies manufacture products that are part of Puuilo's product range. The firm has more than 30 department stores around Finland and an online store. The product selection includes construction supplies, tools, car supplies, garden equipment, heating, ventilation, and air conditioning (HVAC) and electrical supplies, products for pets, as well as household goods, food supplies, and sports and leisure equipment. Puuilo serves mainly do-it-yourself customers and companies. Puuilo Oyj's subsidiaries are Puuilo Invest II Oy and Puuilo Tavaratalot Oy.
Strong Growth: Q3 net sales were just over €116 million, up nearly 14% year-on-year, driven by increased customer traffic across both new and old stores.
Profitability: Adjusted EBITA for Q3 rose 11% to €21.9 million, with a margin of 18.8%. Gross margin increased by 0.6 points to 38.6% due to a higher share of private label sales.
Guidance Narrowed: The company now forecasts full-year net sales of €430–450 million and adjusted EBITA of €72–79 million.
Cost Pressures: Personnel costs rose mainly due to a union-agreed wage hike starting in May, but management emphasized ongoing cost control.
Private Label Focus: Private label sales saw strong growth and remain a key margin driver, with long-term targets to reach 35% of sales.
Expansion Ongoing: Five new stores opened so far this year, with a 55th in November and at least seven more planned for next year. Swedish expansion is in the preparation phase.
Financial Health: Operating free cash flow was robust and the company maintains a healthy balance sheet.
