(CercleFinance.com) – The Group’s consolidated turnover reached €2.1 billion in the first quarter of 2024, down -3.8% on a comparable and organic basis and -4.6% on a published basis.
Convenience brands (Monoprix, Franprix and Casino) report almost stable like-for-like sales (+0.1%) despite a high comparison base in the 1st quarter of 2023.
The adjusted EBITDA for the first quarter of 2024 comes to 106 ME (-10 ME after rent) compared to 145 ME in the 1st quarter of 2023 (35 ME after rent), a deterioration of 39 ME.
In the 1st quarter of 2024, free cash flow stood at -327 ME (-226 ME in the 1st quarter of 2023) after payment of 153 ME of social and tax debts placed under moratorium in 2023. The net financial debt stood at 1.6 Bn as of March 31, 2024 (compared to €6.2 billion as of December 31, 2023).
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