Casino Group: Additional press release following the publication of the 2019 annual results
26 Mars 2020 - 7:01PM
Casino Group: Additional press release following the publication of
the 2019 annual results
Additional press release following the
publication of the 2019 annual results
Paris, March 26th, 2020,
In addition to the press release published today
on the 2019 results, the Group wishes to inform the market of the
following additional information, related to the impact of the
Covid-19 pandemic on its current activity and its 2020-2021
objectives.
To date, the impact of the Covid-19 pandemic on
the Group's business is as follows:
- A strong increase in customer demand for food
products since March 13, 2020, which has resulted in an increase in
sales over this period consistent with market data1, with a
stronger dynamic on convenience and urban formats, Drives and home
delivery ;- A substantial increase in activity at Cdiscount,
concerning both the new food offer deployed to meet customer demand
and non-food everyday products.
In this highly volatile environment, no material
element known to date is likely to call into question the
objectives previously formulated by the Group. Nevertheless, in
view of the uncertainty regarding the macroeconomic and social
impact of Covid-19 over the next year2, and as a precautionary
measure, the Group is no longer able to formulate quantified
objectives for 2020-2021.
The Group remains mobilized on all the
priorities already communicated to the market, both in terms of
cost savings plans, control of investments and inventories, and
development of its priorities (convenience and premium stores,
e-commerce, new activities) as well as its disposal plan.
In the context of the Covid-19 pandemic, Casino
Group is more than ever focusing on its core mission of ensuring
that all communities have uninterrupted food supplies while
complying with the necessary measures to protect the health of
employees and clients at all workplaces and in all areas open to
the public.
Disclaimer This press release was
prepared solely for information purposes and should not be
construed as a solicitation or an offer to buy or sell securities
or related financial instruments. Similarly, it does not give and
should not be treated as giving investment advice. It has no
connection with the investment objectives, financial situation or
specific needs of any recipient. No representation or warranty,
either express or implicit, is provided in relation to the
accuracy, completeness or reliability of the information contained
herein. It should not be regarded by recipients as a substitute for
exercise of their own judgement. All opinions expressed herein are
subject to change without notice
ANALYST AND INVESTOR
CONTACTSRégine GAGGIOLI – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction
of CommunicationStéphanie ABADIE -
sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33 (0)6 11 59 23 26 -
kallouis@image7.frFlore LARGER – Tel : +33(0)6 33 13 41 50 -
flarger@image7.fr
1 Source : Nielsen.
2 Cf. in particular the postponement to June of the next
macroeconomic forecasts by INSEE and the Banque de France.
- 2020.03.26 - Additional press release following the publication
of the 2019 annual results
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