Consolidated net sales of €36.0bn, up +5.7% in organic terms.
In France: same-store sales up +0.3%, organic sales up +0.8% and gross sales under banners up 1.5%(1) over the full year. The Group confirms its market share gains.
In Latin America: excellent operating performance with organic growth of +10.8% at Éxito. At GPA Food, success of Assai and acceleration in organic sales.
E-commerce: strong growth in the marketplace and traffic, and success for “Cdiscount à volonté” (“Cdiscount at will”).
Consolidated trading profit of €1,034m for the full year:
In France, marked recovery in earnings: trading profit of €508m (from €337m in 2015), of which €421m excluding property development.
In Latin America, continued high margins; lower profits in Brazil due to the sales revitalisation programmes at Extra and the economic environment.
E-commerce: improved profitability at Cdiscount, lifted by the rising marketplace.
Consolidated net profit, Group share of €2,679m reflecting capital gains from the divestment of operations in Asia.
Underlying net profit, Group share of €341m.
Excluding the 2016 interim dividend payment, the Group generated free cash flow of +€273m in France.
Sharp reduction in Casino consolidated financial net debt (€3,367m vs €6,073m).
Dividend of €3.12 in respect of 2016 submitted for approval at the Annual General Meeting. Taking into account the interim dividend paid in November 2016, the remaining dividend payment amounts to €1.56 per share.