Group consolidated sales of €23.7bn, up +1.8%
- In France:
- Return to organic growth in Q2 2015 (+0.4%)
- The two banners which significantly repositioned their prices, Géant and Leader Price, confirmed their recovery
- Internationally:
- Strong performance in the food retail business, particularly in Latin America
- Against a backdrop of macroeconomic slowdown and base effect, Via Varejo reported lower sales, but continued to gain market shares
- E-commerce: Cnova’s gross merchandise volume (GMV) continued to grow (+26.8% at constant exchange rates in H1 2015) driven by the development of marketplaces
Group trading profit of €521m, down compared with H1 2014
- In France, significant residual impact of previous price cuts on the sales margins of Géant and Leader Price; this impact will wane in H2 2015
- Internationally, macroeconomic slowdown and base effect in Brazil affecting the margins of GPA Food and Via Varejo in Q2 2015
- E-commerce: impact of the investments made in Q1 2015 to drive growth (infrastructure, logistics, etc.)
Increasing Net profit Group share of €75m and lower Underlying net profit Group share of €63m.