Casino released its FY2015 consolidated net sales at €46.1bn, up +1.6% at constant exchange rates. Affected by the economic slowdown in Brazil (mainly for non-food businesses), the sharp decline in foreign currency (Brazilian and Colombian respectively by -13% and -15.7%) and the disappointing result in H1 in the French market, the EBITDA margin fell to 5% vs. 6.5% in 2014. The currency impact on EBITDA is about €-156m. As part of its dual business model, Casino generated €167m
10 Mar 2016
First deficit after €640m average gain over last nine years
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First deficit after €640m average gain over last nine years
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
10 Mar 2016 -
Author:
Ranya GNABA -
Pages:
3
Casino released its FY2015 consolidated net sales at €46.1bn, up +1.6% at constant exchange rates. Affected by the economic slowdown in Brazil (mainly for non-food businesses), the sharp decline in foreign currency (Brazilian and Colombian respectively by -13% and -15.7%) and the disappointing result in H1 in the French market, the EBITDA margin fell to 5% vs. 6.5% in 2014. The currency impact on EBITDA is about €-156m. As part of its dual business model, Casino generated €167m