Colruyt Group N.V. : Investors likely on the sidelines on market share and profitability concerns
>EBIT and net profit growth beat guidance for more than 50-60% growth - On a like-for-like basis (excluding one-off items), Colruyt reported EBIT growth of 67% and net profit growth of 78% in 2023/24. On both items growth was materially ahead of Colruyt’s guidance for growth in EBIT and net profit of at least 50-60%. The reported results were some 6% ahead of our forecasts, which we believe were ahead of consensus. The decline in Colruyt’s market share since H1 was st...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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