Brief: Rallye H1 EBITDA Down At 650 Million Euros

Finatis SA

25/07/2019 07:34

July 25 (Reuters) - RALLYE SA  GENC.PA :
    * H1 RALLYE’S CONSOLIDATED NET SALES AMOUNTED TO €18.1BN.
TRADING
PROFIT REACHED €328M.
    * RALLYE’S HOLDING PERIMETER NET FINANCIAL DEBT STOOD AT
€2,925M
AS AT JUNE 30, 2019, COMPARED TO €2,899M AS AT DECEMBER 31,
2018.
    * H1 NET INCOME FROM CONTINUING OPERATION, GROUP SHARE,
STOOD AT
-€71M AS AT JUNE 30, 2019.
    * H1 EBITDA EUR 650  MILLION VERSUS EUR 766 MILLION YEAR AGO
    * CASINO CONFIRMS ITS FULL-YEAR PROFIT AND FREE CASH FLOW
OBJECTIVES FOR FRANCE
    * THE BOARD OF DIRECTOR OF RALLYE WILL NOT RECOMMEND TO THE
GENERAL ANNUAL MEETING 2020 ANY DIVIDEND PAYMENT FOR THE FY 2019
RESULTS.
    * NON-PAYMENT OF DIVIDEND WOULD REPRESENT TOTAL SAVING OF
AROUND
€500M AT END-2020
    * CASINO IS TARGETING NET DEBT IN FRANCE OF LESS THAN €1.5BN
AT
END-2020 AND FORESEES TO MAINTAIN IT UNDER THIS LEVEL OVER TIME

Source text for Eikon:  ID:nFWN24P1EW 
Further company coverage:  GENC.PA 

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