Casino has reported solid profit and sales growth for its fiscal first half, helped by continued improvement in its domestic business.
For the six months, net sales were up 2.7% on an organic basis to €19.7bn, while trading profit was down 2.4% to €379m on a constant-currency basis.
Sales in France were up 1.4% to €9.26bn, while they grew by 2% on an organic basis. The Geant Casino banner recorded sales growth and market share gains, Leader Price performed strongly, and the others banners had a “satisfactory performance”.
The Latin American food retail unit saw sales grow by 10% on an organic basis, helped by improvement in Brazil, and solid results in other markets. The Latin American electronics unit – Via Varejo – saw its sales improve following a change in strategy. And finally, the e-Commerce unit recorded a 13.7% increase in organic sales.
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