Colruyt FY EBIT Up 67.2% To EUR 470 Mln, Sees Similar EBIT For Current Year
June 11 (Reuters) -Colruyt Group NV COLR.BR:
FY REVENUE GROWS 11.9%
FY REVENUE ROSE TO EUR 10,8 BILLION IN 2023/24
FY OPERATING CASH FLOW (EBITDA) INCREASED BY 31.9% AND AMOUNTED TO EUR 893 MILLION OR 8.2% OF REVENUE (7.0% IN 2022/23)
FY GROSS PROFIT MARGIN IMPROVED TO 29,8%
FY OPERATING PROFIT (EBIT) ROSE BY 67.2% TO EUR 470 MILLION OR 4.3% OF REVENUE IN 2023/24 (2.9% IN 2022/23)
WILL PROPOSE AN ORDINARY GROSS DIVIDEND OF EUR 1.38 PER SHARE
PROPOSED TOTAL GROSS DIVIDEND OF EUR 2.38 FOR FY 2023/24
FY PROFIT EUR 1.05 BILLION VERSUS EUR 201 MILLION YEAR AGO
GROUP EXPECTS MACROECONOMIC CONTEXT TO REMAIN CHALLENGING, UNCERTAIN AND FIERCE COMPETITIVENESS IN THE BELGIAN RETAIL MARKET TO CONTINUE
AIMS TO MATCH OPERATING PROFIT AND NET RESULT OF FY 2023/24 (EXCLUDING ONE-OFF EFFECTS AND EXCLUDING DATS 24, DREAMLAND AND DREAMBABY) IN FY 2024/25
Source text for Workspace: tinyurl.com/477a69bh
Further company coverage: COLR.BR
(Gdansk Newsroom)
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