Groupe Casino has announced a positive set of overall results for the third quarter of the year, with consolidated net sales climbing 21.2 per cent on a year-on-year basis, up to €8.7bn.
International sales were the main performance driver, growing 50.1 per cent (13.1 per cent organically) on the same period of 2010 to just under €4bn.
There was double-digit organic sales growth in South America of 13.6 per cent, lifted by a sustained increase in same-store sales in Brazil and Colombia, while Asia jumped 15.3 per cent on the back of strong sales at Big C in Thailand and 'continued remarkable growth' in Vietnam.
The group's home market of France saw yearly sales rise slightly by 4.3 per cent, up to €4.74bn, with Casino highlighting good performances by its convenience formats and strong growth in e-commerce.
Underlying sales growth in France actually slowed to 1.2 per cent through the quarter, however, down from the 2.2 per cent recorded in the first six months of the year.
No comments yet