Colruyt - Major guidance uplift, limited corporate action
*EBIT and Net profit expected to rise >50%, well above our and consensus expectations*Parkwind to distribute EUR 750m to Colruyt, which will spend this partially on Smatch and Match and a EUR 1/share dividend*Strong update with major beat on guidance but perhaps some disappointment on what to do with the cash from Parkwind - BUYEtablissements FR Colruyt is engaged in wholesale, food service, distribution of fuels, production of electricity and digital printing. Co. has three operating segments: retail, which relates to stores under Co.'s own management which directly sell to retail customers and bulk consumers; wholesale and foodservice, which supplies to wholesalers, commercial customers and affiliated independent merchants; and other activities, which operates gas stations, engaged in printing and document management and provides alternative energy.
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