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Groupe Casino (EPA: CO) 1Q16 Results: Sales Rise in France, but Foreign Exchange Weighs on Revenues

Executive Summary

  • Groupe Casino reported revenue of €9.7 billion in 1Q16, a decline of 10.6% from 1Q15’s restated revenue.
  • A difficult trading environment in Brazil and the effect of foreign currency exchange negatively impacted the group’s results.
  • Revenue growth accelerated in France, owing to the performance of the group’s discounters and hypermarkets.
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