has announced annual turnover of 48.6 billion Euro for its 2013 full-year results, an increase of 15.9% over 2012 with organic sales growth, exlcuding petrol and calendar effect, of 5.7%, helped by increased activity in France and strong international growth.
Sales in France increased by 5.7% with the inclusion and full consolidation of Monoprix, improving trends for Geant hypermarket and Casino supermarket sales, sustained expansion among convenience formats and the strong dynamism of e-commerce.
There was an excellent performance Internationally, with buoyant ‘organic’ growth of 11.9%, particularly in Brazil, where Casino benefited from scope effects related to GPA’s full consolidation in Brazil in July 2012.
Chairman and CEO of Casino Group Jean-Charles Naouri, said that in 2013, with the effective control of GPA in Brazil and of Monoprix in France, two key structuring assets, the Group continued its strategic shift and also strengthened its financial structure.
“The Group’s banners improved their positions in France and internationally,” Mr Naouri said. “In 2014, the continued implementation of the strategy focusing on buoyant countries and formats, in combination with disciplined Group management, gives us confidence in our prospects for growth and profitability.”
In France, Casino supermarket sales fell -4.4% on an organic basis (excluding petrol and calendar effect) and showed a positive trend at the end of 2013 with volumes and customer traffic turning positive during H2 following price cuts.
’s performance fell slightly in 2103 with sales down 1.8% on an organic basis, (excluding calendar effect). Monoprix
’s sales were robust and increased by 1.4% on an organic basis (excluding petrol, calendar effect), thanks to improved same-store food sales acceleration in e-commerce and continued format expansion, notably the Naturalia organic & eco stores.
In Brazil, GPA posted another excellent performance with fast-growing same-store sales excluding calendar effect for GPA Food of 10.4% in 2013. Increased sales were driven by performance of the discount and convenience banners Assai and Minimercado.
The Exito group
performed well in Colombia and Uruguay during 2013 with organic sales growth of 3.6%, excluding petrol and calendar effect.
Asia reported strong organic growth of 7.5%, excluding petrol and calendar effect, thanks to robust performance in Thailand and Vietnam (Big C stores).
Searching for related articles...