French retailer Casino Group has recorded an increase in fourth-quarter and full-year sales, boosted by international revenue growth.
Sales in the 12 month period climbed 22.1% to EUR41.97bn (US$55.83bn), while in the fourth quarter sales were up 35.2% to EUR12.9bn. Casino attributed the increases to strong international sales growth, primarily due to the full consolidation of Brazil’s Grupo Pao de Acucar in July.
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International sales for the year were up 50.7% to EUR23.52bn, and in the quarter soared 75.9% to EUR8.10bn.
Domestic sales, however, were down in the quarter by 3.1% to EUR4.76bn and for the full year slid 1.6% to EUR18.45bn. Casino blamed price reductions and the ongoing decline in hypermarkets’ multimedia sales for the drop.
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