Selecta - rather good 1Q17/18 with more concept stores; synergies guidance revised up
Selecta, Europe’s No. 1 vending machine operator, has released satisfactory 1Q17/18 results. Sales came in at €301m, down 1% on FX headwinds but up 1% on an organic basis. All the growth unsurprisingly came from vending machines installed in public areas (20% of sales) such as train stations and airports, through the launch of new concept stores, including Starbucks self-service machines.
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