Rising sales outside France has boosted first-half earnings at retail group Casino, the company said this morning (31 August).

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Casino, which in May became the majority shareholder in Latin American retailer Exito, booked a 14% rise in underlying operating profit to EUR492m (US$672m).


The rise in profits came as Casino’s international sales jumped by almost a quarter to EUR2.9bn; sales outside France now account for 30% of the company’s revenue. Sales in South America rose over 14%; revenue in Asia climbed almost 10%.


Group sales rose 6.2% to EUR11.5bn with sales in France inching up 1.2% to EUR8.6bn.


Focusing on France, Casino said its “convenience” formats enjoyed “sustained sales growth and improved margins”. However, it said its Franprix and Leader Price banners turned in “another disappointing sales performance”.

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