28.02.2024 09:40:22 - dpa-AFX: Casino Group Posts Wider Loss From Cont. Ops. In 2023; Sales Down 3.2% On Organic Basis
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Casino Group posted a net loss from
continuing operations, Group share, of 2.6 billion euros in 2023 compared to a
loss of 185 million euros, prior year, reflecting notably the increase in
financial expenses and impairment of Monoprix and Franprix assets in connection
with the new November 2023 business plan. Loss per share from continuing
operations was 24.17 euros compared to a loss of 2.15 euros. Underlying net
loss, Group share, was 1.45 billion euros compared to a loss of 323 million
euros, prior year. Underlying loss per share was 13.93 euros compared to a loss
of 3.42 euros.
Fiscal 2023 total revenue declined to 9.05 billion euros from 9.65 billion
euros, last year. Consolidated net sales was 9.0 billion euros in 2023, down
3.7% on a same-store basis, or down 3.2% on an organic basis and down 4.7% as
reported.
For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX