Group 1 - The company has rolled out its strategic plan amidst a challenging economic climate, with steady activity but ongoing financial performance impacts due to transformation efforts [4][5][6] - Consolidated net sales for Q1 2025 amounted to €2.0 billion, reflecting a decline of -1.2% on a like-for-like basis and -5.0% as reported, influenced by a -1.1-point calendar effect and a -2.7-point effect from streamlining the convenience brand store network [5][6][8] - The convenience brands recorded net sales of €1.7 billion, down -0.7% on a like-for-like basis, showing an improvement compared to the previous quarter [9][10] Group 2 - The company closed 466 stores during Q1 2025, with 96% operated by franchisees or under business leases, while opening 31 new stores [11][14] - The adjusted EBITDA for Q1 2025 was €100 million, down -€6 million from Q1 2024, but would have increased by +€6 million excluding disynergies [23][25] - Free cash flow for Q1 2025 was -€81 million, an improvement of +€246 million compared to -€327 million in Q1 2024 [29][30] Group 3 - The company has accelerated the roll-out of new concepts across its brands, including the expansion of Franprix's "Oxygène" concept and Naturalia's "La Ferme" concept [7][15][16] - Cdiscount's overall like-for-like gross merchandise volume (GMV) increased by +2%, supported by a relaunch strategy initiated in Q3 2024 [20][21] - The company disposed of €111 million in real estate assets in Q1 2025, contributing to debt reduction efforts [35][42]