First Impression: Wesfarmers (WES) Interim Result

Bell Potter

Stockbroker

Food Liquor Petrol: Coles EBIT down 2.6% to $920m, EBIT margin 4.6% as compared to 4.7% in pcp. Food & Liquor Comparative sales growth 1.3% (4.3% pcp) | Bunnings EBIT up 3% to $722m and EBIT margin 10.3% as compared to 12.7% in pcp | Office Works up 5.1% to $62m with EBIT margin 6.7% as compared to 6.2% in pcp | K Mart EBIT up 16.3% to $371m with EBIT margin 12.4% as compared to 11.6% in pcp. Comparative sales growth 5.7% (9.1% in pcp) | Target EBITdown 78.4% to $16m with EBIT margin 1% (3.8% pcp). Comparative sales growth (18.2%) (1.4% pcp) | Industrial (Chem, Energy, Ferilizers) up 79.8% $187m. Industrial & Safety EBIT up 44.4% to $52m. | Net operating cash flow up 10% to $2648m. | Outlook: “Progressing strategic reviews of Resources & Officeworks; Maintain a strong balance sheet & cash flow generation. Secure growth opportunities through entrepreneurial initiatives. Ensure sustainability through responsible long-term management.”


1 topic

1 stock mentioned

Bell Potter
Stockbroker

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment