Colruyt’s H1 sales progressed by only 2.6% yoy to reach €4,655m. The Retail and Wholesale division maintained steady sales growth compared to last year (4.1% and 2.9%, respectively) but the Filling stations and other activities showed a 15.6% decline in H1 revenues. The EBITDA margin was almost stable at 8.0% but EBIT lost 20bp to 5.5% due to the underperforming Corporate business. The Belgium retailer still enjoys a strong cash situation despite a higher capex and the increase in
21 Dec 2016
Persistent stunted growth in sales
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Persistent stunted growth in sales
Colruyt Group N.V. (COLR:WBO) | 0 0 0.9% | Mkt Cap: 6,630m
- Published:
21 Dec 2016 -
Author:
Ranya GNABA -
Pages:
2
Colruyt’s H1 sales progressed by only 2.6% yoy to reach €4,655m. The Retail and Wholesale division maintained steady sales growth compared to last year (4.1% and 2.9%, respectively) but the Filling stations and other activities showed a 15.6% decline in H1 revenues. The EBITDA margin was almost stable at 8.0% but EBIT lost 20bp to 5.5% due to the underperforming Corporate business. The Belgium retailer still enjoys a strong cash situation despite a higher capex and the increase in