Brief: High Co Sees Challenging 2024 Due To Uncertainty Surrounding Casino

High SA

24/01/2024 17:21

Jan 24 (Reuters) - High Co SA  HIGH.PA :
    * GROWTH IN 2023 FINANCIAL PERFORMANCE OPERATING MARGIN
(HEADLINE
PBIT/GROSS PROFIT) FORECAST AT 22.1%; ADJUSTED EARNINGS PER
SHARE FORECAST WITH DOUBLE-DIGIT GROWTH
    * 2024 IS EXPECTED TO BE EVEN MORE CHALLENGING DUE TO THE
UNCERTAINTY SURROUNDING CASINO GROUP - CHAIRMAN
    * Q4 2023 GROSS MARGIN OF €17.82M, DOWN 10.4% ON A REPORTED
BASIS
    * GROSS MARGIN 2023 OF €74.35M, DOWN -2.7% ON A REPORTED
BASIS
    * CASINO: 2024 CONTEXT UNCERTAIN
    * DESPITE EXISTING CONTRACTS BETWEEN HIGHCO AND CASINO,
ANNOUNCED
DISPOSALS OF ALL COMPANY'S HYPERMARKETS AND SUPERMARKETS COULD
HAVE SIGNIFICANT NEGATIVE IMPACT ON GROUP'S BUSINESS IN 2024
    * IN THIS CONTEXT, THE PERFORMANCES OF RECENT YEARS CANNOT
BE
EXTRAPOLATED TO 2024

Further company coverage:  HIGH.PA 

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