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Casino relies on e-commerce, data and energy

2021-02-25T18:19:17.728Z


The distributor relies on three subsidiaries to ensure the growth of its operating profit in France. The closure of canteens and restaurants has supported the activity of food chains. The Casino group saw its turnover increase by 8% last year, to 32 billion euros. Its current operating income jumped 25%. To read also: Tina Schuler (Casino): "You have to be agile and responsive" Refocused on its premium brands (Monoprix, Franprix), e-commerce (Cdiscount) and urban proximity (Monop '), relieved o


The closure of canteens and restaurants has supported the activity of food chains.

The Casino group saw its turnover increase by 8% last year, to 32 billion euros.

Its current operating income jumped 25%.

To read also: Tina Schuler (Casino): "You have to be agile and responsive"

Refocused on its premium brands (Monoprix, Franprix), e-commerce (Cdiscount) and urban proximity (Monop '), relieved of its loss-making stores, the group has put all its brands back in the green, including its Géant hypermarkets for the first time in nearly ten years.

The effects of this reorganization on margins will continue in the first half of the year,”

assures David Lubek, group chief financial officer

.

As well as the contribution of Cdiscount and its related activities, which have become nuggets. ”

In addition to its e-commerce subsidiary Cdiscount (4 billion euros in business volumes), the Saint-Etienne distributor has developed GreenYellow in recent years, a very profitable activity specializing in photovoltaics.

In view of the projects,

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Source: lefigaro

All business articles on 2021-02-25

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