Brief: Colruyt FY EBIT Up 67.2% To EUR 470 Mln, Sees Similar EBIT For Current Year

Colruyt NV

11/06/2024 17:56

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

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