Findel - Online performance, terrestrial valuation

In a retail environment dominated by customers switching to online shopping habits, Findel is reaping the benefits of the trend. Q3 results confirm underlying market share growth typical of online retail peers. However, its P/E rating remains on a par with terrestrial high street chains.

Studio’s like-for-like product sales growth of 11.0% for 42 weeks, while lower than H1’s 15.8%, is a better guide to underlying growth, as it is free of the timing differences on marketing activity within the H1 figure.

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