Delhaize released a strong set of Q1 16 figures exceeding our expectations. Q1 revenues progressed by 5.7% and 4.3% at actual and identical rates, respectively. The gross margin improved by 60bp to 3.6%. Group share in net profit reached €109m, benefiting from lower financial costs. As part of its capital discipline (spending €825m in 2016), the FCF decreased in Q1 2016.
27 Apr 2016
2016 augurs well
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2016 augurs well
Delhaize Group (DELB:EBR) | 0 0 0.0% | Mkt Cap: 10,751m
- Published:
27 Apr 2016 -
Author:
Ranya GNABA -
Pages:
2
Delhaize released a strong set of Q1 16 figures exceeding our expectations. Q1 revenues progressed by 5.7% and 4.3% at actual and identical rates, respectively. The gross margin improved by 60bp to 3.6%. Group share in net profit reached €109m, benefiting from lower financial costs. As part of its capital discipline (spending €825m in 2016), the FCF decreased in Q1 2016.