Colruyt has been strengthening its grip on the Belgian market by gaining market share and sustained profit margins. While this performance is expected to continue in the remainder of FY19/20, we reiterate that the top line and profitability will remain flattish. Competition is likely to increase due to the gradual revamp of traditional competitors and an encouraging start by Jumbo in Belgium.
13 Jan 2020
Moving ahead slow and steady
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Moving ahead slow and steady
Colruyt Group N.V. (COLR:WBO) | 0 0 0.9% | Mkt Cap: 6,630m
- Published:
13 Jan 2020 -
Author:
Nishant Choudhary -
Pages:
3
Colruyt has been strengthening its grip on the Belgian market by gaining market share and sustained profit margins. While this performance is expected to continue in the remainder of FY19/20, we reiterate that the top line and profitability will remain flattish. Competition is likely to increase due to the gradual revamp of traditional competitors and an encouraging start by Jumbo in Belgium.