Jul 25, 2019 / 06:45AM GMT
Jean-Charles Henri Naouri - Casino Guichard-Perrachon SociétéAnonyme-Chairman of the Board&CEO
Good morning, everyone. We are going to introduce the results for the first half year. With the highlights in France, as we usually do, first, a faster growth in France in Q2. France Retail same store growth in net sales of 0.7% compared to 0% for Q1 and 2.5% over 2 years versus 1.3% in Q1. Cdiscount, organic growth in GMV of 13% compared to 9.2%. And for e-commerce, including banners, an increase of 11.5%.
In terms of profitability, we have an improvement in trading profit in France, plus 7.8% for organic. We also have the disposal of the closing of loss-making stores, it's the [Eur] Rocade Plan, and then the saving plans at EUR 60 million, as half year 1; and a EUR 200 million, end of 2020.
Then the disposal plan, EUR 2.5 billion, with more than EUR 60 million worth of cost saving achieved to reach to EUR 1 billion as for the results and free cash flow for 2019. And we also announced a speeding up of
Half Year 2019 Casino Guichard Perrachon SA Earnings Call Transcript
Feb 13, 2024
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