Report

Casino : Ventes du T1 2019 : globalement en ligne avec nos attentes, mais inférieures au consensus sur la France

>Ventes du T1 2019 : compliquées en France, bonnes au Latam - Les ventes consolidées du T1 2019 de Casino se sont établies à 8 853 M€, -0.5% en déclaré, légèrement au-dessus de nos attentes de 8 784 M€, en raison du Latam. Les LFL ressortent à 3% (vs +2.4%e) et la croissance organique à 4.3% (vs +3.8% estimés). Comme escompté, le Brésil (+7.1% en LFL) a joué un rôle majeur dans la dynamique du T1, sachant que la France, comme anticipé, a subi un ralentissement séquent...
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.

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