Casino Group publishes on July 30, 2025 its first-half 2025 results.
After a transformative year in 2024, the first half of 2025 marks a turning point: the Group is back to growth for the first time since its financial restructuring, net sales is rising on a like-for-like basis, and the EBITDA margin is improving.
The Group’s total net sales amounts to €4.08 billion, up +2.4% on a like-for-like basis in Q2 2025.
Adjusted EBITDA stands at €286 million, with a sharply improving margin: +12.2%, reflecting the first efficiency gains.
Free cash flow is improving despite a still challenging environment: -€48 million.
An improving first half-year
The Renouveau 2028 is beginning to deliver results, driven by three key structural levers:
- Store modernization and the rollout of new concepts across each of its core markets: the Group has launched attractive new formats (such as La Cantine at Monoprix or Oxygène at Franprix) to better meet customer expectations.
- Store network evolution with the closure of unprofitable locations: over 800 stores have been removed from the network to focus on the most efficient outlets, and several dozen have been converted to franchises. In detail: 832 unprofitable stores exited, 92 new openings, and 55 franchise transfers.
- Improved day-to-day efficiency: through a simplified organization (including the ramp-up of shared services), cost cutting, and the reshaping of the store network, the Group is enhancing its profitability.
The Group is moving forward with a clear strategy, focused on three key markets: daily food shopping, quick
meal solutions and new everyday services.
A positive operational momentum across all brands.
The second quarter showed growth across all convenience brands, supported by a more favourable market environment.
- Monoprix: very strong performance in fresh products and non-food (Fashion & Home); successful pilot projects for La Cantine.
- Franprix: significant increase in foot traffic, with +15% activity in renovated stores.
- Casino / Spar / Vival: a return to like-for-like growth, improved logistics reliability, and modernized store concepts.
- Naturalia: +7.8% growth, with steady momentum in organic snack and e-commerce.
- Cdiscount: recovery confirmed, with +5% growth in marketplace sales and strong momentum in both Marketplace and B2B activities.
