Casino : Interim figures in line, but questions about deleveraging once again
>H1 2018: in line with a favourable performance from retail France - H1 2018 results were broadly in line with our estimates: EBIT of € 339m, excluding tax savings in Brazil, +6.1% on a reported basis and +17.3% organic vs Oddo BHF’s estimate of € 345m and the consensus forecast of € 341m. Retail France was higher than our forecasts: EBIT of € 114m (+37.4%) vs € 100m estimated by Oddo BHF and € 110m by the consensus. Adjusted attributable net profit of € 48m, +2...Fermiere Du Casino Municipal Cannes SA. Fermiere du Casino Municipal de Cannes SA (SFCMC) is a France-based company that operates casinos, hotels and other leisure facilities found within vacation resorts. The Company, which leases its facilities and equipment from Group Lucien Barriere, operates two casinos: Barriere de Cannes Croisette, and Barriere les Princes, and two hotels: a five-star Majestic, and a four-star Gray d'Albion. The Company also operates other leisure facilities, both on-site and in other locations, including restaurants, function and meeting rooms, swimming pools, tennis courts and a discotheque, and offers rental of shops. The SFCMC has five subsidiaries: Hotel Majestic (SIEHM), Hotel Gray d'Albion SA (HGAC), CASINO BARRIERE LES PRINCES (SCLC), SOCIETE D'EXPLOITATION DE LA PLAGE MAJESTIC (SEPM) and SCI 8 Cannes Croisette.
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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