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Barclays Capital

Start of Coverage: 23-10-2009

Resume of the last report made by this analyst

We raise our EPS forecasts by an average +3% for 2019-2021e after factoring in our new assumptions for LFL and food inflation in Poland as well as reduced losses in Colombia. Our DCF-based price target rises to €14 after factoring in our new estimates.

Analyst: Nicolas Champ

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