FRANCE: International continues to propel Casino sales
By Katy Askew | 19 April 2012
- Total Q1 sales up 11.3%
- International rises 23.5%
- Domestic sales up 1.8%
International revenues continued to drive sales growth at Casino in the first quarter, the French retailer said yesterday (18 April).
Total sales in the period gained 11.3%, rising to EUR8.7bn (US$11.42bn) in the first three months of the year, Casino revealed. International sales rose 23.5% to EUR4.24bn while domestic sales were up 1.8%, climbing to EUR4.49bn.
Casino added that the contribution of international sales to the group's total rose to 49% for the period, compared to 45% for 2011.
Looking to the remainder of 2012, Casino said it is targeting sales growth of "more than" 10%. The firm also confirmed that it aims to maintain a "stable" market share in the French food market.
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Sectors: Financials, Retail
Companies: Casino
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