If they are able to maintain margins at anywhere near a historical level, they are going to shoot the lights out with a cracking result.
The top-line growth is pretty solid. They're continuing to get their cost strategy right.
There's going to be some disappointment in the Big W result, but that is going to be largely offset by continued strength in the hotels division. Hotels seems to go from strength to strength.
They've been delivering at least a 20 basis point improvement in costs year in and year out, and while that has to stop sometime, it isn't going to be this year.
They've set themselves up astonishingly well for the next couple of years, especially so when you see that some of the big growth has come in high-margin businesses.
This result is disappointing as they have increased their cost estimates. Anyone hoping for a better result is going to walk away disappointed.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.