While Casino’s underlying performance was strong, the overall increase in net debt was a sore point. However, French net debt, a pain-point for a long time, witnessed a decline. Casino is also better placed relative to other close competitors on the home turf, largely due to its strategically-placed premium / convenience stores and a strong e-com proposition. We maintain our positive stance on the stock.
06 Apr 2020
Sound performance but net debt is still discomforting
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sound performance but net debt is still discomforting
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
06 Apr 2020 -
Author:
Nishant Choudhary -
Pages:
3
While Casino’s underlying performance was strong, the overall increase in net debt was a sore point. However, French net debt, a pain-point for a long time, witnessed a decline. Casino is also better placed relative to other close competitors on the home turf, largely due to its strategically-placed premium / convenience stores and a strong e-com proposition. We maintain our positive stance on the stock.