CASINO GUICHARD: Casino still has to prove its ability to lower its French net debt beyond disposals and cutting | NEUTRAL | EUR43(+36%)
CASINO GUICHARD - NEUTRAL | EUR43(+36%)Casino still has to prove its ability to lower its French net debt beyond disposals and cutting
Surprising LfL reacceleration in France
Slight miss at the group current EBIT level
Disappointing H1 French FCF even if French net debt still down thanks to disposals
Guidance confirmed and more detailed net debt target unveiled
Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.