Casino : Casino should post decent H1 2020 results. No risks on the quarterly covenants, but no triggers on the stock in the short term
>Q2 2020 still buoyed by the Covid-19 crisis: +7.2%e in organic terms. - Q2 2020 sales: consolidated sales of € 7.65bne, -9.9%e reported (forex effect -13%e, fuel impact -1.9%e, scope -1.8%e). In organic terms, Q2 was along the same lines as in Q1, i.e. +7.2%e vs +7.9% (with the Covid-19 crisis continuing to benefit the group thanks to its convenience formats). France: € 3.813bn, -8.1%e reported and +0.5%e organically (hypermarkets affected l-f-l, at -4.6%e, Monoprix,...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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