Earnings call transcript: Casino Group’s H2 2025 turnaround with sales growth
Casino Group reported a positive sales turnaround in H2 2025, driven by strategic initiatives, despite a significant net loss and high debt.Summary
Casino Group announced a turnaround in the second half of 2025, marking its first positive like-for-like sales growth since undergoing financial restructuring, achieving a 0.5% increase. Adjusted EBITDA before lease payments rose by 14% to EUR 655 million, while the company reported a consolidated net loss of EUR 402 million due to high financial expenses. Free cash flow improved but remained negative at EUR 120 million, and net debt increased to EUR 1.5 billion. Management emphasized the success of the Renouveau strategic plan and highlighted the importance of innovation and digital transformation. Despite these improvements, the company faces challenges including high net financial expenses, increased debt, competitive pressures, and economic uncertainties. The outlook projects a cautious approach with forecasted EPS and revenue figures for FY2025 and FY2026, and ongoing negotiations with creditors to adapt and strengthen the financial structure.
(Source：Investing Canada)