Casino Groupe publishes on October 31, 2024 its net sales for the third quarter.
Consolidated net sales of €2.1bn (-1.8% on a same-store basis2) in Q3 2024
- Convenience brands: €1.8bn (-0.7% on a same-store basis), supported by the solid performance of Monoprix (+0,9 %).
- Cdiscount net sales 243 million euros, with a strategic refocusing which sees an 8% increase in the marketplace’s business volume.
Adjusted EBITDA of €402m over the first nine months of 2024, 6.4% margin
Cash flow improves compared to the previous year, reaching -€386 million over the first nine months of 2024 excluding payment of 2023 social and tax liabilities placed under moratorium.
Restructuring secured and asset disposals
- Hypermarkets and Supermarkets disposals completed on schedule. 425 stores sold since September 2023, of which 135 in Q3 2024.
- The activity of all hypermarkets and supermarkets operated by the Group has now virtually ceased, with the remaining stores1 to be sold or closed by year-end.
Employment Protection Plans (EPP)
- Seven ageements have been signed with the trade unions and have been validated by the authorities.
- The deployment of these plans is underway with phases of voluntary redundancy schemes, internal redeployment, and the first dismissal notifications.
Debt reduction
- Repayment of almost €200m to holders of secured Quatrim bonds using proceeds from real estate sales.
New Casino transformation
- Renewal of strategic partnerships: Aura Retail purchasing partnership created between Intermarché, Auchan and Casino, for a period of 10 years.
- Supply partnerships renewed with the Sherpa stores network and TotalEnergies service stations network.
- Store network streamlining of convenience brands currently in progress with 141 unprofitable stores closed, 50 stores opened as franchises during Q3.
Launch of Strategic Plan 2028
- On next November, the strategic plan for 2028 will be unveiled, with a renewed vision to become the leading convenience store retailer.
- This plan will be based on targeted actions to accelerate transformation and strengthen the Group’s competitiveness, in line with the expectations of its customers.
