Casino : € 1bn in additional disposals in 2019e, but Casino’s efforts may prove insufficient given the parent company’s financial challenges
>2018 operating profit in line, net profit 4% below expectations - Underlying EBIT (ex tax credits in Brazil) of € 1.098bn in 2018 (+8.2% in reported terms and +18% organic), slightly better than our forecast of € 1.07bn, thanks to Brazil.Underlying EBIT in France: € 579m (+8% reported) in line with our forecast of € 570m. Excluding real-estate gains (€ 61m vs € 82m in 2017), underlying EBIT for Retail France came in at € 518m (vs € 510me) +14% (margin +30bp at 2...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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