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    COL   AU0000030678

COLES GROUP LIMITED

(COL)
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Coles to Focus A$1.4 Billion Fiscal Year 2022 Capex on Efficiency Drive

06/16/2021 | 05:07pm EDT

By Stuart Condie

SYDNEY--Coles Ltd. will focus the majority of its 1.4 billion Australian dollars (US$1.07 billion) of fiscal 2022 capital expenditure on efficiency measures that include automation of the supermarket chain's distribution centers.

Coles on Thursday said about 60% of fiscal 2022 capex would be focused on improving efficiency, with the remainder split roughly equally between growth, maintenance and the implementation of 50 store renewals and 20 new stores.

It expects depreciation and amortization of between A$1.67 billion and A$1.72 billion, while automation assets supplied by Witron Logistik + Informatik GmbH and Ocado Group PLC will begin to depreciate in the 2023 fiscal year.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

06-16-21 1907ET

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Financials
Sales 2021 38 888 M 28 715 M 28 715 M
Net income 2021 1 019 M 752 M 752 M
Net Debt 2021 9 635 M 7 115 M 7 115 M
P/E ratio 2021 23,5x
Yield 2021 3,48%
Capitalization 23 904 M 17 639 M 17 651 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,85x
Nbr of Employees 118 000
Free-Float 94,8%
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Technical analysis trends COLES GROUP LIMITED
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 17,92 AUD
Average target price 17,50 AUD
Spread / Average Target -2,33%
EPS Revisions
Managers and Directors
Steven Cain Chief Executive Officer, Director & MD
Leah Weckert Chief Financial Officer
James Philip Graham Chairman
Roger Sniezek Chief Information & Digital Officer
Matthew Swindells Chief Operating Officer
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