Casino: Q1 sales flat, but big cut in debt

(CercleFinance.com) - French food retailer Casino group has announced Q1 sales of 7.
1 billion euros, flat like-for-like y-o-y.

The group underlines an "excellent quarter" for Cdiscount in France, with marketplace revenues up 43%.

At constant exchange rates, Q1 EBITDA came in at 204 million euros, up 21% (+19% in France), thanks to savings and operational efficiency plans in physical stores, along with the good performance of Cdiscount, Casino says.

Casino further reduced its debt, i.e. repaying 1.6 billion euros from Q1 2020 (-1 billion euros in France, -0.6 billion euros in Latam), it said.


Copyright (c) 2021 CercleFinance.com. All rights reserved.