Casino : Q3 2018 sales in line - divestment plan 72% achieved but via the sale of the most prized property asset, the Monoprix buildings
>Q3 sales: satisfactory, as expected - Consolidated Q3 2018 sales were € 8.9bn (-2.4% on a reported basis and +5.4% organic) in line with our forecasts and those of the consensus. Consolidated l-f-l sales were up 3.3% vs 3% est., i.e. in line with Q2 2018 (+3.2% l-f-l). No surprises in the breakdown by region:France (€ 4.8bn, +2% reported) in line, with l-f-l growth of 1.9% vs 1.6% est. (growth equivalent to Q2: +1.8%). Outperformance vs our forecasts at the Géan...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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