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Groupe Casino (EPA: CO) 2Q16 Results: Groupe Casino Revenues Slide on Weak Foreign Exchange

Executive Summary

  • Groupe Casino reported 2Q16 group revenue of €9.97 billion, a decline of 7.0% from 2Q15’s restated revenue.
  • The group’s operations in France were affected by unfavorable weather, a decline in tourism and social unrest.
  • The group’s Latin America sales were strongly impacted by negative currency effects.

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