Jarir Marketing Company (4009.SE) expects up to a 30% Y-o-Y decline in 1Q2016 revenues driven by weakness across most product segments and markets. The sharpest drop is expected to come from electronics due to falling sales of popular-brand smartphones in addition to  computers and related products. The drop is exacerbated by a high base effect given the positive impact from two month bonus paid out to public sector employees in February 2015 (as well as some private sector companies) - Jarir reached record high revenues in 1Q2015. The company does not expect the slowed momentum in 1Q2016 to hamper its planned expansions for the year which include opening six new stores. (Company disclosure)