Sustained Sales Growth in First-Quarter 2010: 5.6%

Similar documents
the Group as from 1 January data were adjusted accordingly. (see details in appendix)

Consolidated net sales Q m

Q ( m) H ( m) % Change QoQ % Change HoH. Consolidated net sales

Fourth Quarter 2008 Organic Growth of 3.9% (excluding petrol) France up 1.2% and international markets up 9.2%

* * * Saint-Etienne 24 January Press-Release 1/9

Strong growth in sales at 11.8 billion (+35.2%), driven by International, which now makes up 60.4% of the Group's operations

Fourth-quarter net sales: acceleration in organic growth, +8.5%*

Q SALES. (+7.0%) and market share gain since the beginning of the year (+0.2pt over the most recent Kantar period)

Q sales: Group organic growth of +3.4%

2017 SALES. Organic growth. Same-store growth

NET SALES Q BY SEGMENT Q / Q change Q / Q change

Stable sales excluding petrol (at constant exchange rates) Q sales inc. VAT: 22.7bn

Q Sales inc. VAT 11 October 2012

Carrefour Q sales up 1.5% to 22.5bn Resilience in food, continued weakness in non food spending

Almacenes Éxito S.A. Consolidated Financial Results

Q Sales inc. VAT 12 July 2012

Almacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31. First Quarter 2013 Financial Highlights

FIRST QUARTER 2016 SALES: 20.1bn GOOD START TO THE YEAR, ACCELERATING GROWTH IN INTERNATIONAL MARKETS

Improved revenue trends and stable gross margin in the third quarter of 2013

FURTHER SALES GROWTH IN Q1 2017: +6.2% to 21.3bn CONTINUED PROGRESSION IN FOOD SALES

Solid sales growth in Q3 2013: +2.7% at constant exchange rates Further sales growth in France Continued growth in Latin America and China

Sales growth in the second quarter of 1.3% at constant exchange rates Sales growth in France ex. calendar impact Growth in Latin America and China

Almacenes Éxito S.A. Consolidated Financial Results

For the quarter and twelve-month period ended December 31, 2010

STRONG ORGANIC SALES GROWTH: +4.9% IN Q Second quarter 2014 consolidated sales inc. VAT

Q Sales October 17 th 2018

CONTINUED SALES GROWTH IN THE SECOND QUARTER OF % in the quarter and +6.2% in the half

Almacenes Éxito S.A. Consolidated Financial Results 2012

Q order intake and sales

For the quarter and six-month period ended June 30, 2010

Solid sales growth in Q (+1.9% LFL) Powerful transformation dynamic launched in 2018

Almacenes Éxito S.A. Solid margin growth from productivity efforts and international performance KEY BUSINESS HIGHLIGHTS

1,576 ALMACENES ÉXITO S.A. CEO AND BOARD OF DIRECTORS MANAGEMENT REPORT. Grupo Éxito, the South America s leading food retailer.

O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 AND H1 2017

Almacenes Éxito S.A.

AGENDA. Introduction Our strategy What was done so far

METRO GROUP continues operational improvement trend in 2014/15

O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 AND 9M 2017

Almacenes Éxito S.A. Consolidated Financial Results 2011

2011 Fourth Quarter Results

Casino takes a major step in further integrating its Latin American operations

INVESTOR NEWS /16

METRO GROUP achieves sales target and confirms EBIT guidance

RETAIL TRADE AS AN ACTOR IN BALANCED SPATIAL PLANNING AND SUSTAINABLE DEVELOPMENT

EMBARGOED UNTIL 0700 HOURS - Thursday 2 June 2011

Annual and Corporate Social Responsibility Performance Report

Earnings Presentation Second Quarter September 2012

METRO GROUP continues slight sales growth and confirms EBIT guidance

30 July Creating the leader in South American retail

Earnings Presentation First Quarter May 2012

Kingfisher plc Sarah Levy. Director of Investor Relations

O`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 and 1H 2018

2016 OVERVIEW AND OUTLOOK 01. March 9,

O`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q1 2018

NEWS 2012 FOURTH QUARTER AND FULL-YEAR RETAIL SALES RESULTS

2010 FOURTH QUARTER AND FULL YEAR RETAIL SALES RESULTS

O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q4 AND 12M 2017

2018 HALF-YEAR RESULTS SHAREHOLDER QUICK GUIDE

METRO GROUP kicks off 2015/16 with like-for-like sales increases at METRO Cash & Carry and Media-Saturn

LENTA SALES AND OPERATING HIGHLIGHTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2017

Corporate Presentation

CARREFOUR INVESTOR PRESENTATION. May May

2016 business (1) Financial year focused on the launch and first step of the REBOND strategic plan

2011- ANNUAL- AND CORPORATE- SOCIAL RESPONSIBILITY- PERFORMANCE- REPORT-

For personal use only

Preliminary results 2003/04. Slides will be available at

HORNBACH Baumarkt AG Group Q3/9M 2017/2018

Ben Gordon Chief Executive

Hidden heroes Emerging retail markets beyond China

Retailer Presentation

B&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017

FY 2015/16 RESULTS PRESENTATION. 14 December 2016

PUREGOLD PRICE CLUB, INC.

2016 First Quarter Results

Steinhoff: is bigger better?

For personal use only

Camaïeu current. Gondola realised. Maxeda partially realised. Consumer. Sector insights. Our Consumer portfolio in 2014

Year-end end report 2000

First half results 2013

Financial Results for First Quarter of Fiscal 2013, ending March 31, August 3, 2012

Q3 Report Johan Molin President & CEO

Kingfisher AGM. 17 June 2010

LENTA SALES AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018

Retail Ireland Monitor

2 ELECTROLUX Q PRESENTATION

Safe harbor statement

Whirlpool Corporation Q Financial Review Press Release July 25, 2006 SLIDE 1

2018 First Quarter Retail Sales Results

Company Presentation. 1H 2014 Results and Performance August 15, 2014

Management Report by the Board of Directors and the Chairman Almacenes Éxito S.A.

DIY MARKET RESERCH IN BRAZIL RACHEAL DONG

P R E S S R E L E A S E

Arun Nayar Senior Vice President, Finance and Treasurer

Trading statement for the fourth quarter and full year ended 2 February 2002 KINGFISHER REPORTS SALES GROWTH OF 9.9%, BOOSTED BY 17.

CARREFOUR 2022 : A NEW AMBITION FOR THE GROUP

Interim Results 2009/10. Slides will be available at

Whirlpool Corporation Q Financial Review Press Release February 07, 2007 SLIDE 1

Transcription:

Sustained Sales Growth in First-Quarter 200:.% Faster organic growth: up 3.% (vs. 0.% in Q4-2009) Good performance by the convenience formats in France Double-digit growth in International operations Consolidated net sales Q-2009 m Q-200 % change QoQ Q4 2009 m Reported Organic (2) Organic (2) Continuing operations (),2.2,08.9.% 3.% 0.% France 4,208.4 4,22.2 0.4% 0.4% -2.3% International 2,047.9 2,383.7.4% 0.% 4.8% () 2009 data restated for the sale of Super de Boer (2) Based on constant scope of consolidation and exchange rates Organic growth excluding petrol Q4 2009 Q 200 Continuing operations -0.2% 2.% France -2.7% -0.9% International 4.7% 0.2% Consolidated net sales rose by a sustained.% in the first quarter of 200. The favourable impact of the consolidation of Ponto Frio by Grupo Pão de Açúcar was offset by the deconsolidation of Venezuelan operations (2) as of January, leading to a negative.2% impact from changes in the scope of consolidation. The positive 3.4% currency effect primarily reflected the sharp increase in the Brazilian real and the Colombian peso against the euro during the period. Higher petrol prices added 0.9% to growth, while the calendar effect was a slightly negative 0.3% in France and neutral in International operations. Organic growth for the quarter stood at 3.% (2.% excluding petrol), representing a noticeable acceleration from fourth-quarter 2009 (down 0.2% excluding petrol). * * * (2) On 7 January 200, President Hugo Chavez announced the nationalisation of the Exito hypermarkets operated in Venezuela. Talks are still underway with the government with a view to selling a majority stake in Cativen, the company which consolidates all the Group operations in Venezuela. Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page /8

In France, the sales trend improved in the first quarter, with organic sales excluding petrol slightly down (0.9%) versus a 2.7% decrease in fourth-quarter 2009. - All of the convenience formats (Casino Supermarkets, Monoprix, Superettes and Franprix) reported a tangible improvement in performance, with a gain in total sales for the period. - Cdiscount maintained its strong sales momentum. - The sales trend at Géant Casino and Leader Price gradually improved over the quarter, reflecting the initial impact of reinvesting the gains from the pooled purchasing of private-label and value-line products. International operations, which represented 3% of sales, saw a sharp acceleration in organic growth, to 0.% from 4.8% in fourth-quarter 2009. - Operations in South America reported double-digit (3.3%) growth, impelled notably by the very strong gains in Brazil. - In Asia, organic growth remained brisk, rising 7.3% on the back of firm sales in Thailand and sustained strong growth in Vietnam. In all, the solid first-quarter performance attested to the good positioning of the Group s business portfolio: - A favourable business mix in France, weighted towards the convenience and discount formats, and leadership in the non-food e-commerce segment. - In international markets, leadership positions in countries with high growth potential. Groupe Casino is confident in its ability to strengthen its market share in France by improving the price competitiveness of its banners through the reinvestment of purchasing gains and by faster expansion in the convenience and discount formats. Internationally, the quality of the Group s assets should drive further strong and profitable growth. The Group will pursue its billion asset disposal programme and confirms its target of a net debt/ebitda ratio of less than 2.2x at year-end 200. * * * Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page 2/8

FRANCE Sales in France rose 0.4% over the period. Petrol sales had a.3% positive impact. Excluding petrol, sales ended the period down a slight 0.9%, compared with a 2.7% decline in fourth-quarter 2009. The first quarter therefore saw a tangible improvement in the sales trend, led by a good performance across all of the convenience formats. In millions First quarter 2009 200 % Change Organic growth excluding petrol Net sales, France 4,208.4 4,22.2 0.4% -0.9% Franprix-Leader Price,0.9 97.9-3.% -3.% Géant Casino hypermarkets,.,7.0-0.9% -3.9% Convenience stores,78.8,8.9 2.%.3% Casino supermarkets 770. 798.7 3.7%.2% Monoprix 44.3 470.0 3.4% 3.4% Superettes 34.4 30.2 -.2% -.2% Other segments 39. 382.4.4%.4% Same-store sales First quarter 200 Including petrol Excluding petrol Franprix 0.% 0.% Leader Price -0.8% -0.8% Géant Casino hypermarkets -.% -4.7% Casino supermarkets +.% -.0% Monoprix +2.4% +2.3% Franprix/Leader Price Franprix s same-store sales rose 0.%, driven by a 0.8% increase in footfalls. The banner s attractiveness has been enhanced by the faster deployment of the new store concept, with 34 units upgraded during the quarter versus 39 in all of 2009. The impact has been highly satisfactory, with double-digit sales gains at the renovated stores. Leader Price reported a 0.8% drop in same-store sales. The sales trend improved in March, reflecting the initial impact of price cuts thanks to the purchasing gains resulting from the pooling of the Group s private-label and value-line products. Expansion continued in line with the business plan, with the opening of Franprix stores and 9 Leader Price stores during the quarter. In all, Franprix-Leader Price sales ended the period down 3.%. Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page 3/8

Hypermarkets Géant Casino sales declined by 4.7% on a same-store basis, excluding petrol. The average basket was stable, up 0.2%, footfalls were down 4.9%. Food sales were down 4.0%. Purchasing gains began to be reinvested mainly in March. These significant, targeted price cuts will be pursued and will help to strengthen the banner s price competitiveness. Non-food sales declined by.4% over the period, notably due to the process of repositioning the offer around the most revenue generating and profitable categories. The banner thus continued to cut back on the assortment of large appliances. On the other hand, certain multimedia families and small electrical appliances saw a significant increase in sales over the quarter. Convenience stores Supermarkets Casino Supermarkets same-store sales improved tangibly over the quarter, declining by % year-on-year, compared with a 3.4% decrease in fourth-quarter 2009. Average spend rose by 0.7%, led by the banner s expertise in fresh and chilled food products. Excluding petrol, total sales were up.2%. Monoprix Led by growth in both food and non-food business, Monoprix reported a solid 2.3% increase in same-store sales, an excellent performance that once again demonstrated the success of the banner s differentiated positioning. A Citymarché unit and two Naturalia stores were opened during the period. Total sales were up 3.4%. Superettes Superette sales eased back a limited.2% in the first quarter, as the favourable impact of new franchisees was offset by sustained rationalisation of the store base. Other businesses Cdiscount maintained strong sales growth. New initiatives are being planned to strengthen the company s growth momentum, such as the possibility of picking up purchases in Géant Casino and superette stores and the development of private label products. In all, sales by the other businesses (Cdiscount, Mercialys, Casino Cafeteria and Banque Casino) rose by.4% over the quarter. Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page 4/8

INTERNATIONAL International sales rose by a very robust.4% over the quarter. The favourable impact of Ponto Frio s consolidation by Grupo Pão de Açúcar (GPA) was offset by the deconsolidation of Venezuelan operations as of January 200, leading to a negative 4.% impact from changes in the scope of consolidation. The positive 0.3% currency effect primarily reflected the sharp increase in the Brazilian real and the Colombian peso against the euro during the period. The significant acceleration in organic growth, to 0.% from 4.9% in first-quarter 2009, was led by very strong growth in South America (up 3.3%) and sustained robust momentum in Asia (up 7.3%). Growth - Q 200 Reported Organic Same-store South America 2.% 3.3% +0.% Asia.2% 7.3% +.3% In South America, same-store sales rose 0.% over the quarter (versus 4.4% in 2009), lifted by double-digit growth in Brazil and improved sales both in Colombia and Argentina. - GPA s same-store sales rose 8.%*, led by both food and non food. All of the banners contributed to this excellent performance. E-business sales increased by a very strong.3% including VAT. Reported sales surged 0.2%* on the consolidation of Ponto Frio, which saw a sustained turnaround with sales up more than 0% over the period. - In Colombia, Exito saw a tangible 2.% improvement in same-store sales, while expansion drove a 3.7%* increase as reported. Operations in Asia reported another quarter of robust organic growth, up 7.3% thanks to an improvement in Big C s same-store sales in Thailand and sustained strong momentum in Vietnam. A hypermarket was opened in Vietnam, increasing the store base to 0 at 3 March. Performance in the Indian Ocean was satisfactory over the quarter, with a 0.3% decline in same-store sales and a.9% increase on an organic basis. *Data published by the company Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page /8

Main changes in the scope of consolidation Ponto Frio has been consolidated by the Grupo Pão de Açúcar (GPA) since July 2009. Following the acquisition, GPA launched a rights issue, which had the effect of reducing Groupe Casino s stake from 3.0% at 30 June to 33.7% as of 2 September 2009. On 7 January 200, President Hugo Chavez announced the nationalisation of the Exito hypermarkets operated in Venezuela. Talks are still underway with the government with a view to selling a majority stake in Cativen, the company which consolidates all the Group operations in Venezuela. Venezuelan operations have no longer been fully consolidated since January 200. 2009 m First quarter 200 m % change In euros At constant exchange rates France 4,208.4 4,22.2 0.4% 0.4% Of which: Franprix Leader Price,0.9 97.9-3.% -3.% Géant Casino hypermarkets,.,7.0-0.9% -0.9% Convenience stores,78.8,8.9 2.% 2.% Casino supermarkets 770. 798.7 3.7% 3.7% Monoprix 44.3 470.0 3.4% 3.4% Superettes 34.4 30.2 -.2% -.2% Other segments 39. 382.4.4%.4% INTERNATIONAL 2,047.9 2,383.7.4%.% Of which: South America,422.8,730.2 2.%.4% Asia 422. 448.9.2% 7.3% Other segments 202.4 204..%.% NET SALES, CONTINUING OPERATIONS (),2.2,08.9.% 2.3% () 2009 data restated for the sale of Super de Boer Average exchange rates Q-2009 Q-200 % change Argentina (ARS/EUR) 0.270 0.882-3.3% Uruguay (UYP/EUR) 0.032 0.038 2.7% Venezuela (VEF/EUR) (x,000) 0.37 n/a n/a Thailand (THB/EUR) 0.027 0.0220.0% Vietnam (VND/EUR) (x,000) 0.042 0.039-2.4% Colombia (COP/EUR) (x,000) 0.39 0.370.8% Brazil (BRL/EUR) 0.33 0.4008 20.9% Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page /8

France 3 March 2009 3 December 2009 3 March 200 Géant Casino hypermarkets Of which French Affiliates International Affiliates + Service stations Casino supermarkets Of which French Franchise/ Affiliates International Franchise /Affiliates + Service stations Franprix supermarkets Of which Franchise outlets 29 3 99 39 7 22 3 72 42 22 99 390 3 2 789 472 22 99 394 4 798 477 Monoprix supermarkets Of which Naturalia Of which Franchise affiliates/outlets 380 39 47 43 4 7 470 43 2 Leader Price discount stores Of which Franchise outlets TOTAL supermarkets and discount stores Of which Franchise outlets/stores operated under business leases Petit Casino superettes Of which Franchises 40 22 2,023 809,9 2 9 2 2,20 929,8 2 278 2,2 94,804 Eco Services superettes Of which Franchises 4 4 3 2 Spar superettes Of which Franchises 9 73 89 739 89 74 Vival superettes Of which Franchises,8,8,73,73,772,772 Casitalia and C'Asia superettes Other Franchise stores Casino supermarkets Corners, Relay, Shell, Elf, Carmag, other,42,42,27,27,30,30 Wholesale activity 439,02,020 TOTAL convenience stores Of which Franchise outlets/stores operated under business leases Other affiliate stores Of which French Affiliates International Affiliates Other businesses Cafeterias,00 4,032 4,7 4,80 3 3 277 277,80 4,874 4 4 TOTAL France 8,3 9,34 9,4 Hypermarkets Supermarkets Discount stores Superettes and other stores Other 29,483 40, 22,42 9,74 277 22,2 2,82 4 Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page 7/8

International 3 March 2009 3 December 2009 3 March 200 ARGENTINA Libertad hypermarkets Leader Price discount stores Other businesses 2 49 2 8 22 4 0 8 URUGUAY Géant hypermarkets Disco supermarkets Devoto supermarkets 2 27 3 3 VENEZUELA Exito hypermarkets Cada supermarkets 42 3 4 3 0 0 0 BRAZIL Extra hypermarkets Pão de Açúcar supermarkets Sendas supermarkets Extra Perto supermarkets CompreBem supermarkets Assai discount stores Extra Facil supermarkets Eletro, Ponto Frio Of which Ponto Frio THAILAND Big C hypermarkets Mini Big C, Pure 00 02 44 73 4 37 47 84 8,080 03 4 8 3 7 40 2 02 4 97 7 30,089 04 4 7 3 42 02 4 97 7 30 VIETNAM Big C hypermarkets INDIAN OCEAN Jumbo hypermarkets Score/Jumbo supermarkets Cash and Carry supermarkets Spar supermarkets Other COLOMBIA Exito hypermarkets Pomona and Carulla supermarkets Bodega discount stores Ley, Q Precios, Merquefacil, Surtimax and others 8 8 20 9 22 87 94 4 7 9 9 0 2 7 20 89 89 47 3 0 0 49 2 20 89 87 49 3 TOTAL INTERNATIONAL,4,39,80 Hypermarkets Supermarkets Discount stores Other businesses 29 98 79 9 30 9 04 29 02 3 Press Contacts Caroline Simon, +33 (0) 3 70 74, caroline.simon@image7.fr Karine Allouis, +33 (0) 3 70 74 8, kallouis@image7.fr Investors Contacts Nadine COULM, +33 (0) 3 4 7, ncoulm@groupe-casino.fr Aline NGUYEN, +33 (0) 3 4 8, anguyen@groupe-casino.fr Saint-Etienne 4 April 200 www.groupe-casino.fr Press Release page 8/8