Casino: net loss, group share of E54m in 2018
(CercleFinance.com) - The retail group's consolidated turnover reached 36.
6 billion euros in 2018, up 4.7% in organic terms (excluding petrol and calendar effects), and down 2.4%, particular after taking into account negative FX factors.
The group's underlying OP reached 1,209 million euros, up + 9.8% in organic terms and down 0.3% after negative FX factors. Excluding tax credits, the group's underlying OP is up 18.0% in organic terms and up 8.2% overall.
The group's standardised net profit from ongoing activities, group share reached 318 million euros, against 351 million euros in 2017, or -2.0% at constant exchange rates, hit by the increase in the tax rate (to 27.0%, vs. 20.6% in 2017, a year that benefited from the cancellation on tax on dividends in France). The consolidated net result, group share, reached minus 54 million euros, vs.101 million euros in 2017.
On the retail France segment, for 2019 the group targets a 10% increase in its underlying OP, free cash flow of 0.5 billion euros, and a further reduction in its net financial debt, while on the E-commerce segment (Cdiscount) it expects a sharp improvement in EBITDA, boosted by the growth of the marketplace and the monetisation of activities, while for its Latin American segment it expects its EBITDA margin to increase by over + 30 bp in Brazil, coupled with an improvement in the EBITDA margin in Colombia.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6 billion euros in 2018, up 4.7% in organic terms (excluding petrol and calendar effects), and down 2.4%, particular after taking into account negative FX factors.
The group's underlying OP reached 1,209 million euros, up + 9.8% in organic terms and down 0.3% after negative FX factors. Excluding tax credits, the group's underlying OP is up 18.0% in organic terms and up 8.2% overall.
The group's standardised net profit from ongoing activities, group share reached 318 million euros, against 351 million euros in 2017, or -2.0% at constant exchange rates, hit by the increase in the tax rate (to 27.0%, vs. 20.6% in 2017, a year that benefited from the cancellation on tax on dividends in France). The consolidated net result, group share, reached minus 54 million euros, vs.101 million euros in 2017.
On the retail France segment, for 2019 the group targets a 10% increase in its underlying OP, free cash flow of 0.5 billion euros, and a further reduction in its net financial debt, while on the E-commerce segment (Cdiscount) it expects a sharp improvement in EBITDA, boosted by the growth of the marketplace and the monetisation of activities, while for its Latin American segment it expects its EBITDA margin to increase by over + 30 bp in Brazil, coupled with an improvement in the EBITDA margin in Colombia.
Copyright (c) 2019 CercleFinance.com. All rights reserved.