Colruyt is doing better than expected.

Colruyt has booked good results over the first half year of exercise 2007/2008. Better than they expected. They had bad market circumstances: it was a bad summer and there is more competition. But Colruyt held his results.The turnover (revenue) was 2.714,7 million Euro, this was also the expects of the analysts. The company profit was 197,3 million Euro, against an average expect of 186,5 million Euro. The net profit was 143,1 million Euro against the 132,1 million Euro the analysts had expect. All of this has a result of a profit/share of 4,36 Euro. And I think that is great for al the shareholders.

Despite of the circumstances this is a very good result. And because of this reason, the management of Colruyt raises the profit expectations with 2 million Euro. To achieve this 2 million Euro extra profit, Colruyt has invented a new extra-discount card and on the tickets they show the price comparison with the competition.

The activities in the retail made the best results of the whole group, an increase of the turnover with 6%. Colruyt is one of the biggest groups on the market, and they are still growing. In the 3th quarter of 2007 to 21,04%. There is only one problem coming. The increase of the food prices! Till march next year the price of some good will increase, but it will not be a big problem.
Source: http://www.hln.be/hlns/cache/det/art_674297.html?wt.bron=hlnBottomArtikels
(Bram)