Casino Guichard-Perrachon yesterday (25 January) said that it reached its full year performance targets as fourth quarter sales rose 1.2% to EUR6.43bn (US$8.31bn). However, the group's fourth quarter performance in its French home market was below expectations, increasing by only 0.7%.

Casino said that throughout the year it achieved its objective of driving faster organic growth, reporting a 3.8% increase compared to growth in 2005 of 2.3%.

Full year sales in France increased by 3.2%, reflecting the group's aggressive expansion strategy. Over 200,000 square meters of new selling space were opened during the year.

International sales for the fiscal year grew by 33.2%, reflecting in particular the increased contributions of CBD and Vindémia and partially offset by the September divestment of operations in Taiwan.