The distribution group reduced its net loss from 534 to 316 million euros in one year, but still had a net debt of 4.5 billion euros at the end of 2022.
The Casino distribution group, which had already announced a turnover of around 33.6 billion euros last year, published on Friday net losses of 316 million euros in 2022, compared to 534 million a year earlier, in a context of high inflation.
The group, which has been struggling to reduce its debt for several years, reduced its net debt in France last year, but it remains high, at 4.5 billion euros at the end of 2022. The group, for its part, grew from 5,900 to 6,400 million euros, due, according to the group, to the “expansion plan” of its Assai brand.
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Source: BFM TV
