Report
Anne-Barbara Nicco

Casino : Recommendations left unchanged in the light of recent developments

In this new report, we discuss the recent newsflow, mainly the draft safeguard plan for Rallye announced in December and Casino's profit warning in January, as a direct result of transport strikes. In light of these developments and current yield levels, we are leaving unchanged our recommendations (Buy 2021 to 03/2024 notes, Neutral on other notes). - >A revision of France Retail trading profit guidance, which should undermine the free cash flow target though this should...
Underlying
Casino Guichard-Perrachon SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anne-Barbara Nicco

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