Casino: sales down 3.8% in Q1 2024

(CercleFinance.com) - The group's consolidated sales reached E2.
1bn in Q1 2024, down -3.8% LFL and in organic terms, and -4.6% as reported.

The convenience brands (Monoprix, Franprix and Casino) reported virtually stable sales LFL (+0.1%), despite a high comparison basis in Q1 2023.

Q1 2024 adjusted EBITDA reached E106m (E10m after rents), compared with E145m in Q1 2023 (E35m after rents), a decline of E39m.

Q1 2024 FCF was E327m (E226m in Q1 2023), after the payment of E153m in social security and tax debts placed under moratorium in 2023. Net financial debt stood at E1.6bn on 31 March 2024 (vs. E6.2bn on 31 December 2023).


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