The year has ended on a positive note. While management has achieved the FY18 profit guidance, the cost savings target (under the performance turnaround plan) has also been increased to €2.8bn (vs €2.0bn earlier). We believe management will continue to invest in prices / promotions to enhance the competitiveness. The market share should also stabilise in the mid-term. We continue to believe in the capability of management.
05 Mar 2019
FY18 concludes; moving in the right direction
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FY18 concludes; moving in the right direction
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
05 Mar 2019 -
Author:
Nishant Choudhary -
Pages:
3
The year has ended on a positive note. While management has achieved the FY18 profit guidance, the cost savings target (under the performance turnaround plan) has also been increased to €2.8bn (vs €2.0bn earlier). We believe management will continue to invest in prices / promotions to enhance the competitiveness. The market share should also stabilise in the mid-term. We continue to believe in the capability of management.