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Casino said net sales fell by €1.1 bn to €7.1 bn in Q1 2021 versus the year before. Net sales fell by €467m in France, where strong growth at Cdiscount offset challenges elsewhere, while they decreased, in euro terms, by €680m in Latin America. However, the retailer noted the sharp improvement in its profitability during the quarter, with its EBITDA rising by €22m to €429m, driven by its on-going cost saving and operational efficiency plans.
Despite financial challenges at a Group level, Casino remains an innovative and fast-moving retailer in its home market of France.
This in-depth guide to France explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.
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Ocado Solutions CEO, Luke Jensen, talks about Ocado’s response to demand, the online channel’s longer-term growth, micro fulfilment centres, express delivery, and more.
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