Action shows ‘impressive recovery’

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Although the Action stores had to close for a while during the corona crisis, the discounter shows an ‘impressive recovery’ according to parent company 3i. The company reports this when presenting the quarterly figures.

At the end of July, Action had EUR 631 million in cash, while the target for that month was EUR 500 million. The sales of the past twelve months are also above the sales of the full year 2019. Up to and including July, 539 million euros were converted. In April this year it was still 491 million euros.

3i also said to be on the safe side and, as a precaution, to provide Action with a loan of EUR 400 million that must be repaid in twenty years.

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