Today, the French multi-format
retail group Casino announced in a statement that its net profits from the first
half of 2000 had grown by 20.7% compared to the previous year period, from €105m
to €127m. The figure was in line with the forecasts of business analysts,
which anticipated a rise of between 19% and 21%. Operating profit rose by a
further 20% to €251m.

The augmented profits were
the result of sales totalling €8.226bn. Rising by 15.3%, the company’s
sales experienced a higher than average annual growth rate, which has been calculated
at 12% since 1995.

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The company has experienced
accelerated growth over the last three years, and is focusing on the consolidation
of its rapid international expansion. Casino’s international ambitions have
been practically realised since 1996 and the company’s current performance in
the US, Poland, Argentina and Uruguay reflects the capital investments ploughed
into ventures outside of the French market. Revenue from foreign operations
was calculated today at 37%, which, the company said, has risen from just 14%
this time last year.

In 1999, Casino launched
its shopping site on the web, and inaugurated its first multimedia centre in
Rennes, and in the latest statement the company announced its intentions to
further expand its Internet operations. This contrasts strongly with the announcement
earlier this week that market leader Carrefour was to reduce its planned investment
in online activities.

These latest figures represent
a strong performance by the company, both within the French retail market and
the on the back of continual expansion of foreign investment, and analysts are
predicting a rise of at least 20% in both net and operating profit when the
results for the full-year period are announced.

Six months to June 30,
2000
(in millions of euros unless otherwise stated)

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By GlobalData
  2000 1999
Net attributable profit
after goodwill		 127 105
Net attributable profit
before goodwill		 141 n/a
Earnings per share
(euros)		 1.29 1.14
Sales 8,226 7,133
Operating profit 251 214

Casino Guichard Perrachon
– Paris – Six Months To June 30:

  2000 1999
Net Pft EUR127 Mln EUR105 Mln
Revenues 8.23 Bln 7.13 Bln
Operating Profit 251 Mln 209 Mln
Per Share Earnings 1.29 1.14

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