Bidcorp

Capital Markets Update: Food inflation 2.6% from 15.2% a year ago. Australasia and Europe performing well. UK sales ahead with improving margins, & mixed results in Emerging Markets. Group margins are slightly ahead of FY23, with Australasia and Europe offsetting lower margins in the UK and EM. Operating costs increased 40bps to 18.9% of net revenue, driven by employment and asset replacement costs.
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