Improved French Performance Helps Lift Groupe Casino Sales
Improved performance at its France-based operations has helped boost Groupe Casino’s trading profit in FY 2017, according to the group’s full-year results, published today.
Consolidated trading profit was up 20.1% to €1.24 billion, the group said, which was helped by an improvement in trading profit at its French operations, from €508 million in 2016 to €556 million last year.
The group said that this was due to ‘sound standing profitability at Franprix and Monoprix, an improved contribution from Casino Supermarkets and increased profitability at Géant’, its supermarket division.
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