CKF collins foods limited

Ann: Presentation re HY18 Results, page-3

  1. 213 Posts.
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    - Interim dividend constant
    - Net Leverage up to 1.5 and will be increasing once EU acquisitions finalised
    - Interesting that the Netherlands SSS 2.5%, whereas Germany barely positive at 0.4%... (the Netherland's drug laws may have something to do with that)
    - EBITDA Margin still >15%
    - Taco Bell: a pleasant suprise

    Mixed results, although I am happy the EBITDA margin remained at its historical levels (albeit a slight drop).

    Any other thoughts?
 
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