Colruyt : TP cut to € 42.5, Neutral recommendation maintained
>H1 2022 results to be reported on 14 December (after trading) - Colruyt is set to report its H1 2022 results (1 April-30 September 2021) on 14 December at 17:45 and host a conference call on 15 December at 14:00.Profit warning of 29 September hinted at a particularly tough H1 2022 - At its AGM on 29 September, Colruyt reiterated its expectation of slightly higher consolidated revenue for fiscal year 2022. However, management withdrew its statement th...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.
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