New financial berezina for Casino: why the group is revising its forecasts downwards

2023-11-22 23:00:46

When does a descent into hell stop? While the Casino group, which is extremely indebted, awaits a restructuring which should take place from spring 2024, the distributor has just revised downwards its activity and financial forecasts. For 2023, the Saint-Etienne group now anticipates that its Ebitda (net result), a key profitability indicator, will go into the red, with a loss of around 100 million euros, while it was still expecting a positive result of a little less than 100 million euros at the end of October, he specifies in a press release published Wednesday November 22.