Colruyt Group Reports 1.1% Revenue Rise to EUR 11 Billion in 2024/25; Net Profit Declines to EUR 337 Million

Reuters
Jun 17
Colruyt Group Reports 1.1% Revenue Rise to EUR 11 Billion in 2024/25; Net Profit Declines to EUR 337 Million

Colruyt Group NV has announced its financial results for the fiscal year 2024/25, reporting a slight increase in revenue by 1.1% to nearly EUR 11.0 billion. This revenue growth was influenced by a challenging competitive landscape in the Belgian retail market, decreased food inflation, and adverse weather conditions. The full consolidation of entities such as Comarkt/Comarché, Degrenne Distribution, Délidis, and NRG positively impacted revenue, although changes in the financial year for Newpharma and The Fashion Society had a negative effect. The group's profit for the financial year amounted to EUR 337 million, with an adjusted profit of EUR 334 million or 3.0% of revenue, compared to EUR 357 million or 3.3% of revenue in the previous year. The operating profit $(EBIT)$ experienced a limited decrease by 5.0% to EUR 446 million or 4.1% of revenue. Investments during the year totaled EUR 479 million, focusing on new stores, renovations, production capacity expansion, and digital transformation. Colruyt Group's outlook remains focused on its long-term vision despite the current competitive pressures and lower-than-expected food inflation. The Board of Directors plans to propose an ordinary gross dividend of EUR 1.38 per share to the General Meeting of Shareholders.

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