Casino Guichard-Perrachon SA (OTCPK:CGUIF)
$ 3.25 0 (0%) Market Cap: 460.52 Mil Enterprise Value: 3.50 Bil PE Ratio: 0 PB Ratio: 0.28 GF Score: 50/100
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Q1 2019 Casino Guichard Perrachon SA Corporate Sales Call Transcript

Apr 25, 2019 / 04:00PM GMT
Release Date Price: $4370
Operator

Ladies and gentlemen, welcome to the First Quarter 2019 of Casino Group Conference Call. I now hand over to Mr. David Lubek, Chief Financial Officer of the Casino Group. Sir, please go ahead.

David Julien Emeric Lubek
Casino, Guichard-Perrachon S.A. - CFO

Good afternoon, and welcome to our 2019 first quarter sales conference call. I guess, you've already seen the press release on our website. In short, this was a satisfactory quarter in all of our segments with actions plans proceeding at a good pace.

Group net sales grew by plus 4.3% on an organic basis. And plus 3% on same-store basis. We registered a very strong growth in Brazil with 13.8% on an organic basis. In France, net sales were stable on same-store basis with strong growth on high-margin categories like organic foods in catering and in e-commerce, which is a key priority. Finally, Cdiscount GMV grew by plus 9.2%, driven by the continued expansion of the marketplace and new services.

Before going through the detailed figures, let me start with a few general comments on the status

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