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Polish retailer Eurocash soars on better-than-expected Q3 results

By Reuters News

** Shares of Polish food retailer Eurocash EUR.WA rise as much as 14.2% after its preliminary third-quarter results beat market expectations on lower costs

** Erste Group analyst Piotr Bogusz says that the company "significantly exceeded expectations" due to a higher-than-expected gross margin and lower-than-expected selling, general, and administrative (SG&A) expenses

** However, he remains "sceptical about the rebound potential," pointing to potential working capital issues and structural challenges amid declining sales

** Trigon analyst Piotr Chodyra notes the results show the group is "evolutionarily moving in the right direction"

** The shares are on track for their best day since March 28, 2023

($1 = 3.7067 zlotys)

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