Casino Group Reports in Line 2018 Results With French FCF Guidance in the Spotlight; Shares Rich
Casino Group reported fiscal-year 2018 results with full-year group sales up 3.0% on a same-store basis and 4.7% organic growth, as previously disclosed in the fourth-quarter sales report, in line with our expectations. On the contrary, group trading profit was EUR 1,209 million, slightly lower than our 1,223 million estimate. Management introduced guidance for the next three years of 10% EBIT growth for the French retail business, 20 basis points annual French retail EBITDA and EBIT margin expa...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.
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