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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tesco    TSCO   GB0008847096

TESCO

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Tesco has no plans to exit central Europe: chairman

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06/13/2019 | 09:01am EDT

LONDON (Reuters) - British retailer Tesco has no plans to exit its central European operations, Chairman John Allan said on Thursday.

At Tesco's annual shareholder meeting an investor asked if the group would still own central European operations by December 2020.

"It's extremely likely," Allan responded.

"I've been taught never say never because things may change but at the moment we have no plans that the board has discussed or approved to exit central Europe," he said at the meeting held at Tesco's headquarters in Welwyn, north of London, which was webcast.

Allan said that while Tesco has had problems in Poland, where it has closed stores, in three other countries - Hungary, Czech Republic and Slovakia - it is market leader or thereabouts and is continuing to invest.

(Reporting by James Davey; Editing by Alistair Smout)

Stocks treated in this article : Tesco, Barratt Developments
Stocks mentioned in the article
ChangeLast1st jan.
BARRATT DEVELOPMENTS 1.02% 632 Delayed Quote.36.56%
TESCO -0.17% 238.5 Delayed Quote.25.46%
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Financials (GBP)
Sales 2020 64 852 M
EBIT 2020 2 911 M
Net income 2020 1 552 M
Debt 2020 12 210 M
Yield 2020 3,46%
P/E ratio 2020 14,8x
P/E ratio 2021 13,4x
EV / Sales2020 0,55x
EV / Sales2021 0,53x
Capitalization 23 218 M
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Technical analysis trends TESCO
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 20
Average target price 275,18  GBp
Last Close Price 238,50  GBp
Spread / Highest target 32,1%
Spread / Average Target 15,4%
Spread / Lowest Target -7,76%
EPS Revisions
Managers
NameTitle
David John Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operating Officer
Alan James Harris Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
Sector and Competitors
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CP ALL PUBLIC COMPANY LIMITED--.--%25 595
AHOLD DELHAIZE-6.95%25 000