Casino Strikes Confident Tone Following Positive Q2 Performance
Retailer Casino, which is battling to ease investor concerns about its high debt levels, posted a stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead.
Casino, whose shares rose, added that it was confident of delivering on its plan to complete €1.5 billion ($1.8 billion) of asset sales by early 2019 to help cut debt.
Finance chief Antoine Giscard d'Estaing said that he was confident about Casino's first-half results, due on 26 July.
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