Casino: 2019 normalised net income down 35%
(CercleFinance.com) - Casino has published normalised net income, group share that is down 35.
4% at 212 million euros, or 1.62 euro per share, with underlying operating income that is down 5.3% at 1,292 million euros (-3.1% at constant exchange rates).
The food retail group's sales reached 34.6 billion euros, up 4.2% in organic terms and up 0.9% overall, after taking into account currency and hyperinflation effects -1.9% and a scope effect of -0.8%.
Casino highlights a reduction in its net financial debt in France to 2.3 billion euros, under the impact of its disposal plan, with recurrent free cash flow (excluding disposal plans and Rocade) of 367 million euros (576 million excluding extraordinary items).
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4% at 212 million euros, or 1.62 euro per share, with underlying operating income that is down 5.3% at 1,292 million euros (-3.1% at constant exchange rates).
The food retail group's sales reached 34.6 billion euros, up 4.2% in organic terms and up 0.9% overall, after taking into account currency and hyperinflation effects -1.9% and a scope effect of -0.8%.
Casino highlights a reduction in its net financial debt in France to 2.3 billion euros, under the impact of its disposal plan, with recurrent free cash flow (excluding disposal plans and Rocade) of 367 million euros (576 million excluding extraordinary items).
Copyright (c) 2020 CercleFinance.com. All rights reserved.