2015 FULL YEAR RESULTS

Group consolidated net sales of €46.1bn, up +1.6% at constant exchange rates

  • In France:
    • Marked recovery in activity in H2 2015, and continuous market share gains at Géant Casino and Leader Price
  • Internationally:
    • Good performances of Éxito in Colombia, Uruguay and Argentina
    • In Brazil, good resilience of GPA food in Brazil and growth of the share of buoyant formats in the mix
  • E-commerce: Continuous growth of Cnova’s gross merchandise volume (GMV) (+16.4% at constant exchange rates in 2015) thanks to the development of the marketplaces

Group Trading Profit of €1,446m, down compared with 2014

  • In France, significant recovery in trading profit in H2: €390m (+34.1% compared with H2 2014)
  • International operations: satisfactory margins in Latin America despite the decline and stable in Asia
  • E-commerce: good operating performance at Cdiscount and negative result in Brazil

Underlying net profit Group share of €412m

Marked reduction in Casino’s financial net debt in France* financial net debt at €6.1bn

Announcement of a deleveraging plan amounting to around €4bn with a significant initial stage of which has been implemented in the first quarter of 2016. Disposal proceeds will be dedicated to continuing the reduction in Casino net debt in France*

Dividend proposed at the Annual General Meeting unchanged at €3.12

See the full press release