(Boursier.com) — In a market that rebounded at the open, Casino plunged 11% to 16.4 euros. The presentation of the distributor’s annual accounts is struggling to convince investors when its debt has increased further in 2021 and the company is still struggling in its domestic market.
For Jefferies (‘underperforming’), this publication shows that the group has made “no progress” on deleveraging in 2021. The challenge of dealing with high input pressures and the risk of seeing the relevance of the market to crumble further as the French retail market consolidates are “on the agenda”, writes the analyst. Bryan Garnier (‘sell’) worries about the respect of the banking covenant at the end of the quarter after the increase in net debt in France.
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