Colruyt 1H24/25: Competition weighs on sales, but reiterates guidance
Colruyt's HY24/25 comparable sales decreased by 2.0% to € 5.43bn, or well below kbcse of € 5.72m. The decline was mainly driven by the Colruyt banner due to unfavourable weather conditions, lower food inflation and declining market share. The sales pressure was however partially offset by further gross margin improvements. As such, the EBIT decline of 4.8% to € 245m came in above kbcse (€ 236m), and was also in line with the earlier guidance, with Colruyt already hinting for a limited EBIT decline in 1H24/25. Colruyt therefore reiterated its FY24/25 outlook. Hold, € 40.0 TP.Etablissements 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.
We are a financial services provider for several types of professional clients, each with distinct needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.