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: 0.33 GF Score: 50/100
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Half Year 2019 Casino Guichard Perrachon SA Earnings Call Transcript

Jul 25, 2019 / 06:45AM GMT
Release Date Price: $3535
Jean;Charles Henri Naouri;tÃ;Anonyme;Chairman of the Board;CEO
Casino Guichard-Perrachon SociÃ

©©-&

Good morning, everyone. We are going to introduce the results for the first half year. With the highlights in France, as we usually do, first, a faster growth in France in Q2. France Retail same store growth in net sales of 0.7% compared to 0% for Q1 and 2.5% over 2 years versus 1.3% in Q1. Cdiscount, organic growth in GMV of 13% compared to 9.2%. And for e-commerce, including banners, an increase of 11.5%.

In terms of profitability, we have an improvement in trading profit in France, plus 7.8% for organic. We also have the disposal of the closing of loss-making stores, it's the [Eur] Rocade Plan, and then the saving plans at EUR 60 million, as half year 1; and a EUR 200 million, end of 2020.

Then the disposal plan, EUR 2.5 billion, with more than EUR 60 million worth of cost saving achieved to reach to EUR 1 billion as for the results and free cash flow for 2019. And we also announced a speeding up of

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