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    CO   FR0000125585

CASINO, GUICHARD-PERRACHON

(CO)
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Casino Guichard Perrachon : Group actively studies potential market operations for Cdiscount and GreenYellow subsidiaries

04/12/2021 | 05:04pm EDT

Casino Group actively studies potential market operations for Cdiscount and GreenYellow subsidiaries

                                                                                                            

Paris, 12th April 2021,

The Board of Directors of Casino Group today reviewed strategic options for its Cdiscount

 and GreenYellow subsidiaries.

The Board noted the excellent operational performances of both companies, their recognized strong growth potential in their respective markets and the current favorable environment on the equity market.

It also confirmed the strategic role of both subsidiaries in the Group’s profitable growth plan.

As a result, Casino Group announces that it has launched preparatory works for potential additional capital increases for GreenYellow and Cdiscount to enable them to accelerate their growth plans.

Those operations, which could be done through market operations, could also include a secondary placement of shares held by the Group, while ensuring that Casino Group continues to maintain control of both strategic subsidiaries.

The Group will keep the market informed of the evolution of those projects which will be conducted in consultation with the other shareholders of both subsidiaries1.

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. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, 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 the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.

ANALYST AND INVESTOR CONTACTS
Lionel BENCHIMOL – +33 (0)1 53 65 64 17
lbenchimol@groupe-casino.fr

or

+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr

 PRESS CONTACTS
Casino Group – Direction of Communication
Stéphanie 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 7
Karine ALLOUIS  -  +33(0)1 53 70 74 84 - kallouis@image7.fr
Franck PASQUIER – Tel : +33 (0)1 53 70 74 91 - fpasquier@image7.fr

 




1 Cdiscount is a subsidiary owned at 100% by Cnova, which is owned at 65% by Casino Guichard-Perrachon and 34% by GPA; GreenYellow is a subsidiary owned at 73% by Casino Guichard-Perrachon and 24% by Tikehau and Bpifrance


Attachment


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Financials
Sales 2021 30 658 M 35 946 M 35 946 M
Net income 2021 272 M 319 M 319 M
Net Debt 2021 9 112 M 10 684 M 10 684 M
P/E ratio 2021 9,01x
Yield 2021 2,37%
Capitalization 2 582 M 3 031 M 3 027 M
EV / Sales 2021 0,38x
EV / Sales 2022 0,36x
Nbr of Employees 202 955
Free-Float 47,1%
Chart CASINO, GUICHARD-PERRACHON
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Casino, Guichard-Perrachon Technical Analysis Chart | CO | FR0000125585 | MarketScreener
Technical analysis trends CASINO, GUICHARD-PERRACHON
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 23,92 €
Average target price 28,07 €
Spread / Average Target 17,4%
EPS Revisions
Managers and Directors
Jean-Charles Henri Naouri Chairman & Chief Executive Officer
David Lubek Chef Financial Officer
Julia Perroni Deputy Director-Finance
Julien Lagubeau Chief Operating Officer
Frédéric Saint-Geours Lead Independent Director
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