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Mike Mozart
Net profit for the first half of the year increased from €1.79 billion to €2.51 billion for the company. Revenue grew to €16.85 billion from €14.85 billion a year earlier.
The average revenue forecast made by FactSet's survey of analysts was €16.68 billion.
EBIT increased to €3.16 billion from €2.43 billion and EBITDA grew to €4.66 billion from €4.03 billion. Earnings before interest and taxes (EBIT) rose as well.
Gross profit increased by 14% to €9.8 billion with a profit margin increase of 27 basis points to 58.2%.
The retailer continues to forecast that the gross profit margin will stay around where it is in FY2023. The business announced that it will invest €1.6 billion this year.
source: bloomberg.com
The average revenue forecast made by FactSet's survey of analysts was €16.68 billion.
EBIT increased to €3.16 billion from €2.43 billion and EBITDA grew to €4.66 billion from €4.03 billion. Earnings before interest and taxes (EBIT) rose as well.
Gross profit increased by 14% to €9.8 billion with a profit margin increase of 27 basis points to 58.2%.
The retailer continues to forecast that the gross profit margin will stay around where it is in FY2023. The business announced that it will invest €1.6 billion this year.
source: bloomberg.com
