Casino : Decent 2019 results in France, divestment process paused during the COVID-19 crisis but these divestments remain crucial
>2019 results, a shade below forecasts due to Latin America - For sales of € 34.6bn (+0.9% reported and +4.2% organic), Casino has reported EBIT post-IFRS 16 of € 1,292m (excluding tax credits: +3.3% reported and 5.5% organic), a shade below our forecasts (€ 1,310m). France came in just above our forecast (€ 8m) and was in line with the guidance issued at the time of the profit warning in January: +5% before IFRS 16 to € 518m for Retail France with a 30bp improvement ...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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