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Casino Group: Q2 SALES AND H1 2025 RESULTS
Globenewswire· 2025-07-30 06:15
Group 1 - The company reported a net sales growth of +2.4% like-for-like in Q2 2025 and +0.5% in H1 2025, marking a return to growth for the first time since financial restructuring [1][12][13] - The "Renouveau 2028" strategic plan is showing initial positive results, contributing to the growth across all convenience brands [2][10] - Adjusted EBITDA increased by +12.2% to €286 million in H1 2025, reflecting improved operational efficiency and cost control [3][14][17] Group 2 - Free cash flow improved by €366 million to -€48 million in H1 2025, driven by growth in adjusted EBITDA and better control of operating expenses [5][38] - The company’s net debt increased to €1.407 billion, with a net leverage ratio of 9.75x as of June 30, 2025 [6][40][47] - The company closed 832 outlets while opening 92 new stores, indicating a significant streamlining of its store network [8][24] Group 3 - Monoprix achieved a +2.9% like-for-like net sales growth in Q2 2025, supported by strong performance in fresh products and non-food sales [19][20] - Franprix's sales rose by +1.7% like-for-like in Q2 2025, with a notable increase in customer traffic due to favorable weather and new loyalty programs [21][23] - Naturalia reported a +7.8% like-for-like net sales growth in Q2 2025, driven by strong demand for organic products and successful new store concepts [26][27] Group 4 - Cdiscount's overall GMV increased by +5% in Q2 2025, with marketplace GMV growing by +11%, indicating a positive trend in e-commerce [30][31] - The company disposed of real estate assets worth €132 million in H1 2025, contributing to its financial restructuring efforts [65] - The company aims to return to break-even free cash flow before financial expenses by 2026 as part of its strategic plan [49]