The popular Swedish retailer Rusta has managed to improve its financial performance, despite facing challenges such as the IT attack in January and adverse weather conditions. In its fourth quarter, Rusta reported increased net sales of SEK 2,268 million compared to SEK 2,204 million in the previous year.
Although there was a slight decline in comparable growth by 1.2%, the operating profit improved to -49 million SEK from -52 million SEK. This positive trend continued throughout the year, with the operating result for the full year rising from SEK 518 million to SEK 753 million, and a 9% increase in turnover to SEK 11.1 billion.
The positive financial results also led to an increase in the proposed dividend from SEK 0.69 to SEK 1.15 per share. The company's stock rose by over 3.2% following the announcement of the quarterly report.
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Source: www.ehandel.se