Casino: confirms all annual targets

(CercleFinance.com) - Revenues reach 8.
9 billion euros for Q2 2018, down -3.0% in total compared to Q2 2017, with -7.6% unfavourable exchange effects.

Sales growth is +5.2% organically and +3.2% like for like.

In France, total sales reached E4,759 million, up +1.3% organically and +1.8% like for like, of which +2.5% in food, driven by the growth in client traffic and average basket size. “The business is driven by the continued growth in hypermarkets and the excellent performance of Monoprix, as well as the Casino and Franprix supermarkets”, underlines the group.

Sales from business in Latin America (Éxito Group and GPA Food) are up +9.7% organically and +4.4% like for like, a clear improvement compared to the 1st quarter of 2018 (+4.9% and +1.9% organically and like for like respectively).

“In view of the as yet unaudited estimated results for the first half-year, the Group can already confirm all of its annual targets”, says the management.

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