Casino confidently looks forward to 2014

Casino confidently looks forward to 2014

French distribution group Casino has had a strong 2013 with better performances in France and a continuous (strong) growth in Latin America and Asia, causing CEO Jean-Charles Naouri to express his confidence for 2014.

France on the recovery

The French group received good grades for its 2013 performance, as the group turnover grew 15.9 % to 48.65 billion euro, while its operational profit grew 18.1 % to 2.36 billion euro. In its home market France, Casino managed a 5.7 % turnover increase to 19.49 billion euro, mainly thanks to Monoprix’ consolidation.

 

There was however a 3.9 % drop on a like-for-like basis, as the different formulas had widely varying performances in the previous year. Géant hypermarkets (- 6.3 %), Casino supermarkets (- 4.4 %) and convenience stores CasinoShop and Vival (- 2.3 %) all had to accept losses, while e-tailers Cdiscount/Monshowroom (+ 16.1 %), LeaderPrice (+ 5.3%) and Monoprix (+ 1.4 %) all charged ahead with positive numbers.

 

When CEO Naouri presented the full-year results, he pointed out the remarkable turnaround in the 126 Géant hypermarkets, which managed to grow 0.8 % in the fourth quarter - compared to a - 7 % in the fourth quarter of 2012. “This is the clearest example that our price policy of lower prices is starting to work”, Naouri concluded. “We welcomed an additional 1.9 % of customers, who bought 8.1 % more than in the same quarter the year before.”

 

Its 444 supermarkets had a similar evolution, which prompted the CEO to announce that this year the Casino group will get organic growth once again in France.

 

60 % of turnover comes from abroad

Casino’s international performance grew to 60 % of the group’s total turnover, some 29.15 billion euro: not only because of expansion, but also because of a strong organic growth of 11.9 %.

 

Brazil was the frontrunner in Latin America, a region that grew 13.1 %, with Colombia and Uruguay also contributing quite a bit (+ 3.6 %). Vietnam is number one in Asia with a 13.5 % growth, while Thailand grew 6.7 %, which resulted in a 7.5 % increase for the entire Asian region. Both Asian countries will continue to feature heavily in Casino’s plans, as new stores will keep popping up in Vietnam and Thailand.

Questions or comments? Please feel free to contact the editors


Richemont wants to gain full control over Yoox Net-a-Porter

22/01/2018

Swiss luxury group Richemont proposed to obtain a majority stake in online retailer Yoox Net-a-Porter. The move is a way to implement its online strategy faster.

Decent profit for The Sting in fiscal year 2016

22/01/2018

Fashion chain The Sting generated a profit once more in 2016, after it had to deal with a more than 5 million euro loss in the year before. Affiliate brand Costes also generated a profit in its fiscal year 2016.

Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Back to top