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Groupe Casino (EPA: CO) FY17 Results: “Good Performances Across all Businesses,” Expects Further Growth in FY18

Executive Summary

  • Groupe Casino announced 13.7% growth in EBITDA in FY17, yielding a 40-basis-point increase in the EBITDA margin to 5.1%. Operating income grew by 86%, representing a rise of 90 basis points in the margin to 2.0%.
  • Adjusted EPS was €2.90, beating the €2.72 consensus estimate and up from €2.56 in FY16.
  • In FY18, Groupe Casino expects organic growth in excess of 10% in group trading profit. It also expects to achieve over 10% organic growth in trading profit for its French food business.


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