Maxeda management repair some of the damage
- Ben Hoskin
An improved first quarter for Dutch DIY chain Maxeda has helped its debt recover from a brutal sell-off on the back of their Q4 21 results. The company is more than offsetting cost price inflation through increased prices that translated to gross margin expansion, albeit higher labor costs bit further down the income statement. Supply chain disruption was less severe than many worried, with good availability of stock and falling freight costs easing investor nerves.