(AOF) – In the first quarter, Casino posted an adjusted EBITDA after rentals in the negative at 9.6 million euros compared to 34.5 million euros a year earlier at the same time. Consolidated turnover reached 2.1 billion, down 3.8% on a comparable and organic basis and 4.6% on a published basis after taking into account a negative scope effect of 1.3%, a gasoline effect of -0.1% and a positive calendar effect of 0.6%.
The convenience brands (Monoprix, Franprix and Casino) report almost stable turnover on a comparable basis (+0.1%) “despite a high basis of comparison in the first quarter of 2023”.
Free cash flow (excluding disposal plan and restructuring costs) is negative at 327 million euros (-226 million euros in the first quarter of 2023) after payment of social and tax debts placed under moratorium in 2023 ( -153 million euros).
Net financial debt amounts to 1.593 billion euros as of March 31, 2024 compared to 6.2 billion euros as of December 31, 2023.
At the same time, the group announced the implementation of the consolidation of the shares making up its capital by means of the exchange of one hundred existing shares for one new share and the reduction of capital by means of reducing the par value of the shares.
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