Colruyt reported good FY17/18 results. However, the competitive pressure is likely to spike in the home country, largely due to sustained performance revival efforts by Ahold Delhaize and Carrefour, and the growing presence of discounter Lidl. As a result, the company’s profit margin is likely to be a bit strained in the forecast years. The stock valuation is still dear at current levels. No change in our stock recommendation.
23 Oct 2018
Decent performance but competitive pressure set to rise
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Decent performance but competitive pressure set to rise
Colruyt Group N.V. (COLR:WBO) | 0 0 0.9% | Mkt Cap: 6,630m
- Published:
23 Oct 2018 -
Author:
Nishant Choudhary -
Pages:
3
Colruyt reported good FY17/18 results. However, the competitive pressure is likely to spike in the home country, largely due to sustained performance revival efforts by Ahold Delhaize and Carrefour, and the growing presence of discounter Lidl. As a result, the company’s profit margin is likely to be a bit strained in the forecast years. The stock valuation is still dear at current levels. No change in our stock recommendation.