EarningsQ3 2024 Earnings Report

Eurocash SA (E07) Q3 2024 Earnings Report

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Previous Report: Q2 2024

Next Report: Q4 2024

DE:E07 Q3 2024 EPS Results

Actual EPS<€0.01

Consensus EPS―

Beat/Miss―

One Year Ago EPS€0.05

DE:E07 Q3 2024 Revenue Results

Actual Revenue€1.93B

Expected Revenue€1.92B

Beat/MissBeat by +€15.01M

YoY Revenue Growth-0.92%

Earnings Announcement Details

QuarterQ3 2024

Date11/13/2024

TimeBefore Open

Conference CallWednesday, November 13, 2024

DE:E07 Upcoming Earnings

Eurocash SA's next earnings date is estimated for November 5, 2026, based on past reporting schedules.

Q3 2024 Earnings Call Audio

DE:E07 Q3 2024 Earnings Call

0:00 / 0:00

Q3 2024 Earnings Slide Deck

Q3 2024 Earnings Call Summary

Q3 2024

Earnings Call Date:Nov 13, 2024|

% Change Since:

Earnings Call Sentiment|Negative

The earnings call highlighted significant cost optimization efforts and growth in certain segments. However, the overall sentiment was negatively impacted by declining sales and margins, challenges in the market environment, and the withdrawal of future financial guidance due to uncertainties.

Company Guidance

During the Eurocash Group Q3 2024 earnings call, the company reported disappointing results, with a negative sales dynamic of 0.9% quarter-over-quarter and a decrease in EBITDA margin to 0.7%. Net profit also declined by 0.3 percentage points. Despite these setbacks, the company maintained a stable debt-to-EBITDA ratio below 1, partly due to effective cost optimization measures. The company's wholesale market dropped by 4 percentage points, with a significant negative impact on margins due to high inflation and increased competition from discounters. Retail sales experienced a like-for-like decline of 4.3%, with margin compression of 1.2 percentage points. Growth platforms Duzy Ben and Frisco showed positive sales growth of 10% and 27%, respectively. However, due to ongoing market headwinds and uncertainties, Eurocash has withdrawn its previous guidance of achieving a PLN 1 billion EBITDA target for next year. The company remains committed to its strategic initiatives, including cost efficiency, retail transformation, and the growth of digital platforms, while acknowledging the challenges in the current market environment.

Cost Optimization Efforts

The company kept the increase of its cost base in check, with total costs up by 2.1% and a stable debt-to-EBITDA level of below 1, thanks to cost optimization measures.

Growth in Key Segments

Duzy Ben grew by 10% and Frisco by 27% despite the challenging market conditions.

DC 20 Project Success

The DC 20 project, aimed at improving operational efficiency and customer experience in Delikatesy Centrum stores, showed a 7% like-for-like sales increase.

DE:E07 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 05, 2026	2026 (Q3)	- / -	0.011	―
Sep 01, 2026	2026 (Q2)	- / <0.01	-0.022	110.31% (+0.02)
May 07, 2026	2026 (Q1)	- / -0.14	-0.14	-0.98% (>-0.01)
Apr 30, 2026	2025 (Q4)	- / -0.14	-0.14	-0.98% (>-0.01)
Nov 24, 2025	2025 (Q3)	- / 0.01	0.005	127.27% (<+0.01)
Aug 28, 2025	2025 (Q2)	- / -0.02	-0.013	-73.21% (>-0.01)
May 15, 2025	2025 (Q1)	- / -0.14	-0.142	1.44% (<+0.01)
Apr 03, 2025	2024 (Q4)	- / -0.14	-0.142	1.44% (<+0.01)
Nov 13, 2024	2024 (Q3)	- / <0.01	0.049	-89.77% (-0.04)
Aug 28, 2024	2024 (Q2)	- / -0.01	0.063	-120.29% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed