Executive Summary

• Casino reported 3Q16 revenue of €10.4 billion in 3Q16, up 6.7% from 3Q15’s revenue, organic growth of 2.9% and comparable sales growth of 1.7%.
• The group noted that this is its highest growth in 13 quarters, with a particularly strong performance in its Latin American food retail and electronics sales segments. Sales in France, however, fell 1.1%, due to the closure of 282 stores and a fall of 7.6% in the sales of Leader Price stores.
• For France, the group confirmed that for FY16, it expects a trading profit of more than €500 million and free cash flow of €550 million. It expects to incur a net capital expenditure of about €350 million during this period.