Mention 'tr s bien' pour le bulletin de fin d'ann e de Colruyt

Article Abstract:

Colruyt, Belgium's third largest retail group, made a 197-1998 turnover of BFr 76.3bn, up 11.47% from 1996, with three new sales outlets, and a net profit of BFr 2.62bn, up 20.9%. The group's managing director expects an 8% to 12% rise in turnover for the 1998-1999 fiscal year. Of the total earnings, BFr 2.5bn comes from Colruyt Distribution, BFr 146mn comes from its computer retail subsidiary, BFr 23mn comes from its printing subsidiary, and BFr 1mn comes from its retail chain for toys. The Portuguese subsidiary posted a loss of BFr 4mn and its French subsidiary Ripotot posted a BFr 146mn loss. In France, the losses were due to management and logistics costs which are too high, and to an in-store price decrease. Ripotot expects to post a loss of around BFr 60mn for 1998, and then break even or post a slight profit in 1999.

Comment:

Reports turnover of BF76.3 bil in 1997-98, up by 11.47% from 1996, & net profit of BF2.62 bil, up by 20.9%

Retail Trade

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Automatic Systems poursuit sa croissance

Article Abstract:

Thanks to the development of its sales structures in foreign markets, especially the US today and Mexico in a near future, Automatic Systems did well in 1997. The Belgian electronics group also took advantage of the investment made on the motorway toll, pedestrian access control and car park equipment systems. That year, Austomatic Systems posted BFr 925mn in sales (BFr 806mn in 1996) with foreign markets accounting for 54%. The company's equity reached BFr 169mn.

Comment:

Belgian electronics group posts BFr925 mil in sales in 1997 vs BFr806 mil in 1996, w/ foreign markets accounting for 54%

Other Electrical Equipment and Component Manufacturing, Electronics, Automatic Systems

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Colruyt reste fid le son credo, celui de la croissance

Article Abstract:

At its annual general meeting, Colruyt, the Belgian retail group, announced its profits forecast for the 1998-1999 fiscal year, ending 31 March 1999. Profits are expected to come to BFr 2.9bn compared with BFr 2.62 in 1997-1998. The group plans to invest BFr 4.3bn in the construction of a new warehouse at Halle, in opening of four new supermarkets, and in the renovation of other stores. The group's turnover rose 8% from April to August 1998.

Comment:

Belgian retail group expects profits to come to BFr2.9 bil in 1998-99 compared with BFr2.62 bil in 1997-1998

Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores

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