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Sainsbury profit growth driven by own-label food
date:Nov 15, 2012
stment programme, which will further support the groups cash flow credentials. We forecast net debt/EBITDA [earnings before interest, tax, depreciation and amortisation] at the year end at a comfortable 1.6x.

But if market leader Tesco began to regain share from its margin investment programme, then Sainsbury remains the most vulnerable given the scale of trading overlap between the two groups, they added.

Shore repeated its hold advice on Sainsbury shares.

Sainsbury results at a glance

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12/23 20:23