Casino Guichard (EU:CO)
Graphique Historique de l'Action
6 Mois : De Déc 2018 à Juin 2019
By Max Bernhard
Casino Guichard-Perrachon SA (CO.FR) on Thursday reported a drop in 2018 net profit and said it would keep its dividend stable.
The French retailer said its net profit for the year fell 9.4% to EUR318 million euros ($359 million), compared with EUR351 million a year earlier, as a result mainly of a higher effective tax rate. Sales fell 2.4% to EUR36.60 billion.
Casino said over the next three years it aims to open 300 new premium and convenience stores and become the number-one seller of organic products. It targets annual growth in trading profit for its retail business of 10%, and free cash flow of EUR500 million per year.
Casino said it will propose an unchanged dividend of EUR3.12 a share.
Write to Max Bernhard at email@example.com; @mxbernhard
(END) Dow Jones Newswires
March 14, 2019 03:04 ET (07:04 GMT)
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