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Casino: Oddo's Q4 sales forecasts

(CercleFinance.com) - Casino will publish its Q4 2019 sales after trading on Thursday 16 January.

Oddo expects consolidated these quarterly sales to reach
9.7 billion euros, down an estimated 2.5% as reported, including an FX impact of -2.9%.

In France, Oddo estimates Q4 2019 sales to reach 4.6 billion euros, -6.9% as reported, including a -6.6% impact relating to stores that have been sold and restructuring of its network (compared to -5.3% in Q3 2019).

The broker hopes that the group will provide infomation about its FY 2019 target for WCR (+200 million euros) when it publishes its Q4 sales, along with FCF (500 million euros) in France, taking into account the "particular" context of Q4, it said.

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