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Groupe Casino (EPA: CO) FY16 Results: LatAm Business Drives Sales Growth

Executive Summary

  • Groupe Casino reported FY16 revenues of €36,030 million, up by 2.0% from the previous year and up by 5.7% on an organic basis.
  • In FY16, net sales in France grew by 0.3% (0.8% organic growth) and comps grew by 0.3%. In Latin America, net sales grew by 3.6% (11.4% organic growth).
  • E-Commerce sales grew by 7.9% and comps grew by 13.6%. Casino estimates the FY17 trading profit in France to grow by about 15% and group trading profit to rise by 10%, assuming no change in exchange rates.

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