Casper Blom's questions to RCWLY leadership • Q3 2024
Question
Sought clarification on the implied Q4 margin guidance, which appears lower than the underlying performance of the previous year, and asked about the pricing pressure trends in Germany and France and the market outlook for those countries.
Answer
The conservative implied Q4 margin is purely due to caution regarding the unpredictability of December. The pricing pressure in Germany and France is not increasing; it's a difficult but stable situation. Both markets are included in the planned 2-3% price increase for next year. The market outlook for these countries shows some optimism but from a very low base.