(Boursier.com) — The consolidated turnover of rally amounted to 15.9 billion euros and current operating income (ROC) to 375 ME at June 30, 2022 (434 ME a year earlier).
Normalized net income from continuing operations, Rallye Group share was -€132m at the end of June 2022 (-€116m in the first half of 2021).
The gross financial debt of Rallye’s holding scope amounted to 3.029 MdsE at June 30, down -149 ME over the half-year.
The net financial debt of Rallye’s holding scope, before IFRS restatement, stood at €3.004 billion as of June 30 (€3.161 billion as of December 31, 2021).
After taking into account IFRS restatements for -271 ME, the net financial debt of Rallye’s holding scope amounted to 2.733 billion euros at June 30, 2022.
It is specified that the execution of the safeguard plans of Rallye and its parent companies essentially depends on the distributive capacity of Casino as well as different refinancing options. Casino’s distributive capacity authorizes the distribution of dividends when the ratio of gross financial debt/Ebitda after rents (France Retail + E-commerce) is less than 3.5x. As of June 30, 2022, the ratio of gross financial debt/Ebitda after rents stood at 7.12x (6.47x as of December 31, 2021 and 5.50x as of June 30, 2021).
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