Casino Group publishes on February 28, 2025 its Full-Year Results.
After the 2024 transformation, the New Casino is now committed to implementing its convenience retail strategy:
- Refocusing on convenience retail in France
- Sale of Casino hypermarkets and supermarkets: 366 stores sold in 2024
- Employment Protection Plans implemented
- Governance changes at Monoprix
- Renouveau 2028 strategic plan launched and steering committees created to lead its implementation
- First achievements of the Renouveau 2028 strategic plan
- Store network streamlined, with the closure of 768 non-profitable outlets
- 266 stores opened and 95 integrated stores converted to franchises or business leases
- First targeted price investments and first price reductions
- Cdiscount’s new brand platform unveiled
- The first Franprix stores converted to the new “Oxygène” concept
- Additional Naturalia stores converted to the “La Ferme” concept
- Monoprix’s Fashion & Home website redesigned
- Casino mobile grocery truck concept launched
- Product range structure and private-label strategy both redefined
- Participation in the Aura Retail purchasing partnership between Intermarché, Auchan and Casino
- Financial restructuring and change of control
2024 results still strongly marked by past difficulties
Consolidated net sales for 2024 amounted to €8.5bn, down -2.6% on a same-store basis and down -5.4% as reported
Profitability affected by the convenience retail strategy, with EBITDA adjusted to€576m (-24.7%),
Consolidated net profit (loss), Group share amounted to -€295m vs. -€5,661m in 2023.
The liquidity of €1.5bn, reflecting financial stabilization after restructuring.
2024 was a profound transformation year for Casino Group. Since our Group’s change of governance on 27 March 2024, we have been efficiently implementing our restructuring plan in accordance with the pre-determined timeline. These achievements enable us to start over with a solid foundation, with a more agile structure focusing on our convenience brands and innovative concepts. Streamlining our store network and being more selective in our choice of current and future franchisees will have a significant impact on improving our profitability. We have launched projects that hold significant future promise, such as the new Franprix and Naturalia concepts and the new design of Cdiscount brand platform, while investing in targeted price cuts to meet the expectations of our franchisees and consumers. Our partnership with Intermarché and Auchan, through Aura Retail, represents a strategic milestone to increase our competitiveness and our purchasing capacity with major food industry groups. Although the 2024 financial results remain impacted by the previous situation, we are now fully committed in implementing our Renouveau 2028 plan, which will make the new Casino the leading convenience retailer in France.
