Group consolidated net sales of €19.7bn, up +2.7% on an organic basis
- In France:
- Increase in activity: growth of +0.9% on a same-store basis and +2.0% on an organic basis
- Further market share gains
- Latam Retail:
- Sustained good performances in Colombia, Argentina and Uruguay
- Improved sales in Brazil with a stepped-up development of cash & carry and the initial results of Multivarejo’s sales relaunch plan which weighed on profitability
- Latam Electronics: stabilisation of activity at Via Varejo since Q2 2016
- E-commerce:
- Cdiscount: good performance over the semester
- Cnova Brazil: activity still impacted by Brazil’s economic environment
Group trading profit of €317m for the period
- In France, significant recovery in results: trading profit of +€85m versus -€53m in H1 2015 restated
- Latin America: lower results in Brazil related to the economic environment and the promotional relaunch at Extra
- E-commerce: improved profitability at Cdiscount and decline at Cnova Brazil
Consolidated net profit, Group share of €2,581m, related to capital gains from the disposal of Asia
Sharp decline in net financial debt of Casino in France (€4,027m versus €8,482m in H1 2015 restated) and decision on July 28th 2016 to pay an interim dividend of €1.56 per share
