MWG - Earnings accelerate in September, hinting at a stronger Q4 - Earnings Flash

Company Research

27 Oct 2017

MWG released robust preliminary 9M 2017 results in which revenue and NPAT surged 55% and 34%, respectively, vs 9M 2016. The solid performance was driven by aggressive store openings for DienmayXANH (consumer electronics) coupled with solid same-store-sales-growth (SSSG), 80% online sales growth and contributions from stores opened in FY2016. Earnings started to accelerate significantly in September 2017 (+74% vs September 2016; 8M 2017 vs 8M 2016: +30%).
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