Brief: Rallye Reiterates Its Strategy To Maximize Its Assets' Value

Finatis SA

14/03/2019 07:57

March 14 (Reuters) - RALLYE SA  GENC.PA :
    * FY NET SALES EUR 37.50 BILLION VERSUS EUR 38.30 BILLION 
YEAR
AGO
    * RALLYE'S HOLDING PERIMETER NET FINANCIAL DEBT STOOD AT EUR
2,899M AS OF DECEMBER 31, 2018, COMPARED TO EUR 2,877M AT END OF
DECEMBER 2018.
    * RALLYE REITERATES ITS STRATEGY TO MAXIMIZE ITS ASSETS'
VALUE AND
CONFIRMS STRENGTH OF ITS FINANCIAL STRUCTURE
    * FY CONSOLIDATED EBITDA EUR 1.88 BILLION VERSUS EUR 1.91
BILLION
YEAR AGO
    * MAINTAINED A SLIGHTLY POSITIVE RECURRING CASH FLOW
EQUATION IN
2018 AND BENEFITS FROM A STRONG LIQUIDITY POSITION WITH OVER EUR
1.3BN OF UNDRAWN CREDIT LINES AS OF DECEMBER 31, 2018.
    * FY NET LOSS GROUP SHARE EUR 223 MILLION VERSUS LOSS EUR
102
MILLION YEAR AGO
    * IN FRANCE, CASINO TARGETS FOR THE NEXT THREE YEARS
INCREASE IN 
EBITDA MARGIN AND  TRADING MARGIN FOR THE RETAIL BUSINESS OF
+0.2 PT PER YEAR
    * IN FRANCE, CASINO TARGETS FOR THE NEXT THREE YEARS GROWTH
IN
TRADING PROFIT FOR THE RETAIL BUSINESS OF +10% PER YEAR
    * IN FRANCE, CASINO TARGETS FOR THE NEXT THREE YEARS FREE
CASH-FLOW OF €0.5BN PER YEAR WITH GROSS RETAIL CAPEX BELOW €350M
PER YEAR
    * REITERATES ITS STRATEGY TO MAXIMIZE ITS ASSETS' VALUE AND
CONFIRMS STRENGTH OF ITS FINANCIAL STRUCTURE
    * GROUP AIMS TO OPEN 300 PREMIUM AND CONVENIENCE STORES BY
2021
    * TO PROPOSE A STABLE CASH DIVIDEND OF EUR 1 PER SHARE
    * FOR 2019-2021 GROUP AIMS TO BECOME NUMBER ONE IN ORGANIC
PRODUCTS IN 2021, WITH NET SALES OF €1.5BN (VERSUS. €1BN IN
2018)
    * GROUP AIMS TO INCREASE THE SHARE OF E-COMMERCE SALES TO
30% IN
2021 (VERSUS. 18%1 AT END-2018)
    * FOR 2019-2021 GROUP AIMS TO INCREASE IN CONTRIBUTION OF
BUOYANT
FORMATS WITH REDUCED EXPOSURE TO HYPERMARKETS TO 15% OF GROSS
SALES UNDER BANNER (VERSUS. 21% IN 2018)

Source text: https://bit.ly/2HmQmWm
Further company coverage:  GENC.PA 

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