Casino, Guichard Perrachon : Casino Group: FIRST QUARTER 2013 SALES

     Casino, Guichard Perrachon : Casino Group: FIRST QUARTER 2013 SALES

  *Total Group first-quarter 2013 sales of €11.7 billion, up sharply by
    +33.7%

  *Solid organic growth* up +2.5%:

       *Internationally, organic growth* was very robust (+8.3%), driven by
         all of the Group's markets
       *In France, sales fell due to the impact of a proactive price-cutting
         policy
       *Dynamism of Cdiscount

  Evolution of the Group's consolidated net sales in the 1st quarter of 2013

      Consolidated net sales      Q1 2012 Q1 2013 Change Q1 2013/Q1 2012
                                   in €m   in €m    Total      Organic
                                                    growth     growth*
      Total continuing operations  8,739  11,681    +33.7%      +2.5%
      France                       4,495   4,315     -4%        -3.4%
      International                4,244   7,366    +73.6%      +8.3%

In the first quarter of 2013,  the Group's consolidated sales rose by  +33.7%, 
primarily thanks to the full consolidation  of GPA in Brazil. Organic  growth* 
stood at +2.5%  (+1.5% including petrol  and calendar effect).  The effect  of 
changes in scope was  +40.1%. Foreign-exchange rates had  an impact of  -7.9%, 
while the petrol effect  was -0.5%. Finally, the  average calendar effect  was 
-1.2% in France and -0.1% internationally.

 * Excluding petrol and calendar effect. Organic growth is growth at constant
                  scope of consolidation and exchange rates

                                Q1 2013 SALES

      In France, activity was marked by price drops, Cdiscount's strong
          growth (+11.9%) and the resilience of convenience formats

In France,  first-quarter  organic  growth  was  -3.4%  excluding  petrol  and 
calendar effect, with total sales of €4,315 million against a backdrop of soft
consumption in which Casino continued the price-cutting policy it initiated in
Q4 2012.

  *Overall, convenience formats posted satisfactory sales growth.

  *Géant's same-store sales fell by -9.7% excluding calendar effect (vs.
    -9.9% in Q4 2012) due to the combined effect of price-cutting initiatives,
    less promotional activity and reallocations of retail space.

  *In contrast, Cdiscount once again showed strong growth (+11.9%), which was
    higher than the market's.

   International organic growth remained strong (+8.3% excluding petrol and
  calendar effect) for all of the Group's markets, in keeping with previous
                                   quarters

International subsidiaries posted another quarter of strong organic growth  at 
+8.3% excluding  petrol  and  calendar effect.  Overall,  international  sales 
increased  by  +73.6%  to  €7,366  million,  particularly  due  to  the   full 
consolidation of  GPA as  of the  second half  of 2012,  despite the  negative 
foreign-exchange  effect   of  -16.3%,   primarily  related   to  the   real's 
depreciation.

  *Latin America posted strong organic growth of +8.7% excluding petrol and
    calendar effect, up from Q4 2012 (+7.8%), driven by strong same-store
    growth in Brazil and dynamic expansion in Colombia.
  *Organic growth in Asia, excluding petrol and calendar effect, remained
    substantial at +8.5%, due to rapid expansion and sustained same-store
    growth in Thailand. 

Total International sales accounted  for 63% of Group  sales over the  period, 
compared with 49% in Q1 2012.

                       France: SALES ANALYSIS - Q1 2013

Sales in France came to €4,315 million in the first quarter of 2013, a decline
of -3.4% in organic growth, excluding petrol and calendar effect.

                              Evolution in sales

      In €m                                         Total growth Organic
                                                                 growth*
                                    Q1 2012 Q1 2013   Q1 2013    Q1 2013
      Net sales before tax - France 4,495.1 4,314.7     -4%       -3.4%
      Casino France                 2,921.4 2,731.4    -6.5%      -4.7%
      Géant Casino hypermarkets     1,271.1 1,122.3    -11.7%    -11.5%
      Casino supermarkets            865.1   821.1     -5.1%       -3%
      Superettes                     353.6   340.7     -3.7%      -2.6%
      Cdiscount & Other businesses   431.5   447.2     +3.6%      +6.4%
      Franprix - Leader Price        1,062  1,078.9    +1.6%       -2%
      Monoprix                       511.7   504.5     -1.4%      +0.5%

* Excluding petrol and calendar effect

               Evolution in same-store sales, excluding petrol

         In €m                             excluding calendar effect
                                   Q1 2013   Q1 2013      Q4 2012
         Géant Casino hypermarkets -10.2%     -9.7%        -9.9%
         Casino supermarkets        -8.3%     -7.6%        -6.1%
         Franprix                    -4%      -1.7%        -2.8%
         Leader Price               -2.5%     -0.5%        -0.2%
         Monoprix                   -3.3%     -1.3%        -0.9%

  *Casino France

Same-store sales excluding  petrol for  Géant Casino  were down  -9.7%* in  Q1 
2013.

In a context of soft consumption for Q1 2013, same-store food sales were  down 
-7.7%*. This change  is primarily the  result of the  continuation during  the 
first quarter of the  year of the proactive  price-cutting policy begun in  Q4 
2012, funded by  improvements in  operational efficiency  and optimisation  of 
promotional activity. In addition, the banner continued to roll out and expand
its "Le Meilleur d'Ici"  ("the Best of our  region") and entry-price  corners, 
which are showing good results.

Same-store non-food sales fell due  to the proactive reduction of  Multimedia, 
price cutting and unfavourable weather conditions for seasonal products. Géant
is continuing to refocus on the most buoyant categories as well as on  rolling 
out its  multichannel  strategy by  installing  Cdiscount pick-up  points  in 
drive-through stores and Cdiscount corners in stores.

Organic sales growth  for Supermarchés  Casino excluding  petrol and  calendar 
effect declined by -3% compared to Q1 2012 and by -7.6%* for same-store sales,
particularly due to continued price cuts initiated in Q4. 

The banner has kept up its strategy  of excellence in fresh goods and  rollout 
of local products, as well as relaunching its loyalty programme in stores. One
supermarket opened during the quarter.



Superette sales declined  by -2.6% on  an organic basis  excluding petrol  and 
calendar effect. The  banner successfully converted  31 of its  stores to  the 
Casino  Shop  and  Shopping  formats  in  the  city  of  Lyon,  and  continued 
streamlining the stores network with 18 store openings and 78 closures.

Cdiscount sales  rose  by  +11,9%,  driven by  the  performance  of  toys  and 
high-tech products (IT, household appliances, etc.). The private label's share
doubled compared to Q1 2012.  Total business volume grew  by +18% in Q1  2013, 
supported by the strong performance of the marketplace, which now accounts for
more than 10% of the  site's business volume, with  the number of vendors  and 
offers  increasing  rapidly.  Finally,  10%  of  site  sales  were  made   via 
smartphones or tablets at the end of Q1 2013.

Cdiscount remains a key tool in the Group's multi-channel strategy, which drew
on 2,700 in-store physical pick-up points at the end of the first quarter.

                                      

* Excluding calendar effect and restated for the transfer of 4 hypermarkets to
                             Casino supermarkets.

  *Franprix - Leader Price

Total Franprix-Leader  Price sales  posted an  increase of  +1.6% due  to  the 
continued network expansion and the consolidation of master franchises.

Leader Price's same-store sales decreased slightly by -0.5% excluding calendar
effect. Sales  initiatives  begun  in 2012  (assortment  and  pricing  policy) 
continued to produce results  in Q1 2013, with  a value proposition that  fits 
the current consumption  climate. Fresh product  selection produced  excellent 
results and  the  banner continued  to  work on  its  fresh-product  channels. 
Renovation of existing stores continued throughout the quarter.

Over the quarter, Franprix same-store  sales fell by -1.7% excluding  calendar 
effect, with footfall improving  since Q4 2012  (-2.8%). The banner  benefited 
from changes to its assortment  (development of the "Marché Franprix"  product 
line) and rolled out its loyalty programme in 170 stores.

  *Monoprix

Monoprix sales increased  by +0.5% on  an organic basis  excluding petrol  and 
calendar effect, due to its ongoing dynamic expansion and positive food  sales 
trend, underpinned by the performance of fresh products and a still-favourable
average  basket.  Among  the   various  banners,  Naturalia  showed   positive 
performance.

Non-food sales posted a decline related to the impact of unfavourable  weather 
conditions on seasonal apparel sales.

                   INTERNATIONAL: SALES ANALYSIS - Q1 2013

Consolidated sales at International subsidiaries rose substantially by +73.6%.

Scope  effects  had  a  positive  impact  of  +81.5%,  related  to  the   full 
consolidation of GPA.

Exchange rates had an unfavourable impact of -16.3%, resulting primarily  from 
the Brazilian real's sharp depreciation against the euro.

Once again, organic growth was very  high at +8.3%*, in keeping with  previous 
quarters, driven by solid performance in both Latin America and Asia.

      Evolution of International sales growth in the 1st quarter of 2013

                          Total growth Organic growth* Same-store
                                                        growth*
            Latin America     +94%          +8.7%        +5.4%
            Asia             +10.8%         +8.5%        +2.3%

* Excluding petrol and calendar effect.

In Latin America, same-store sales grew by +5.4% excluding petrol and calendar
effect, in keeping with previous quarters, reflecting GPA's solid  performance 
in Brazil.  Organic  growth was  +8.7%*,  increasing from  Q4  2012  (+7.8%*), 
boosted by continued rapid expansion, particularly in Colombia. In all, sales
rose +94% primarily under the impact of the full consolidation of GPA.

  *GPA in Brazil

In Brazil,  GPA posted  same-store  sales excluding  petrol effect  up  +7.1%, 
increasing from Q4 2012 (+6.6%).

As for food, same-store sales by GPA  Food rose by +6.9%. They were driven  by 
excellent performance by  the Assaí cash  & carry banner,  which continued  to 
show impressive  double-digit  growth  due  to  an  overhaul  of  its  product 
selection.  Excluding  Assaí,  GPA   Food  posted  very  strong   performance, 
particularly in the  Minimercado convenience  format. Expansion  in these  two 
formats was marked in Q1 2013 with the opening of 12 Minimercados and 3  Assaí 
stores.

As for  non-food, Viavarejo  same-store  sales continued  to grow  quickly  at 
+7.3%, driven by significant sales initiatives and the very strong performance
by electronics.  E-commerce also  performed well  at the  end of  the  period: 
Extra.com.br launched  its  marketplace.  Expansion  continued  in  the  first 
quarter.

  *Exito Group

Exito's total sales grew above retail sales growth in the first quarter due to
the impact of sustained  organic growth that  particularly benefited from  the 
rapid expansion  of  the stores  network  and  from the  good  performance  of 
Surtimax, leader in the discount format. In the first quarter, Exito continued
the reinforcement of its private labels in its assortments and the development
of complementary businesses to retail. Exito's expansion in the first quarter
was sustained.

Exito's Q1 earnings will be released at the end of April 2013.

In Asia, same-store growth excluding  calendar effect totalled +2.3%.  Organic 
growth in sales excluding  calendar effect maintained a  high level of  +8.5%. 
Total sales grew +10.8%.

  *Big C Thailand

Big C posted organic sales growth excluding calendar effect of +9,2%,  boosted 
by a very  dynamic expansion policy  and a healthy  level of same-store  sales 
(+2,4%). Significant marketing and  promotional operations were realised  over 
the quarter. Convenience banners performed particularly well.

  *Big C Vietnam

Big CVietnam's organic growth  continued, due in particular  to the impact  of 
the openings of a hypermarket and shopping mall.

                        ANALYST AND INVESTOR CONTACTS

                 Régine GAGGIOLI - Tel: +33 (0)1 53 65 64 17
                          rgaggioli@groupe-casino.fr
                                      or
                             +33 (0)1 53 65 64 18
                          IR_Casino@groupe-casino.fr

                   GROUP EXTERNAL COMMUNICATIONS DEPARTMENT

                                PRESS CONTACT

                                Aziza BOUSTER
                          Tel: +33 (0)1 53 65 24 78
                          Mob: +33 (0)6 08 54 28 75
                          abouster@groupe-casino.fr

                                   IMAGE 7

                                Grégoire LUCAS
                          Tel: +33 (0)6 71 60 02 02
                               glucas@image7.fr

                     Financial calendar
                     22 April 2013 Annual General Meeting

                                  Disclaimer

 This press release was prepared solely for informational purposes and should
 not be construed as a solicitation or an offer to buy or sell any securities
  or related financial instruments. Similarly, it does not and should not be
 treated as giving investment advice. It has no connection with the specific
   investment objectives, financial situation or needs of any receiver. No
representation or warranty, express or implied, is provided in relation to the
  accuracy, completeness or reliability of the information contained in this
  document. It should not be regarded by recipients as a substitute for the
exercise of their own judgement. Any opinions expressed herein are subject to
                            change without notice.

                                      

                                  Appendices

                  Main changes in the scope of consolidation

  *Full consolidation of GPA since 2 July 2012. GPA was consolidated at 40.1%
    as of end of March 2012

  *Full consolidation of companies owning 21 stores into Franprix-Leader
    Price from July 2012

  *Full consolidation of BARAT within Franprix-Leader Price from 8 March 2012
    (22 stores)

  *Full consolidation of DSO and CAFIGE within Franprix-Leader Price from 1
    February 2013 (120 stores)

      in €m                     Q1 2012 Q1 2013   Change      Change
                                  €m       €m    Reported  At constant
                                                          exchange rates
      FRANCE                    4,495.1 4,314.7    -4%         -4%
      Of which:
      Casino France             2,921.4 2,731.4   -6.5%       -6.5%
      Géant Casino hypermarkets 1,271.1 1,122.3   -11.7%      -11.7%
      Casino supermarkets        865.1   821.1    -5.1%       -5.1%
      Superettes                 353.6   340.7    -3.7%       -3.7%
      Other businesses           431.5   447.2    +3.6%       +3.6%
      Franprix - Leader Price    1,062  1,078.9   +1.6%       +1.6%
      Monoprix                   511.7   504.5    -1.4%       -1.4%
      INTERNATIONAL              4,244   7,366    +73.6%      +89.9%
      Of which:
      Latin America             3,225.1 6,257.4    +94%      +116.2%
      Asia                        808    895.6    10.8%       +7.9%
      Other sectors              211.1   213.5    +1.1%       +1.5%
      NET SALES FROM CONTINUING 8,739.3 11,681.2  +33.7%      +41.6%
      OPERATIONS

                                Exchange rates

            Average exchange rates        Q1 2012 Q1 2013 Change
            Argentina (ARS / EUR)         0.1757  0.1511   -14%
            Uruguay (UYP / EUR)           0.0391  0.0395   +0.9%
            Thailand (THB / EUR)          0.0246  0.0254   +3.3%
            Vietnam (VND / EUR) (x 1,000) 0.0367  0.0364   -0.8%
            Colombia (COP/EUR) (x 1,000)  0.4236  0.4228   -0.2%
            Brazil (BRL / EUR)            0.4317  0.3796  -12.1%

                       Period-end store network: France

FRANCE                                          31 March 31 Dec. 2012 31 March
                                                  2012                  2013
Géant Casino hypermarkets                         126        125        126
  Of which French Affiliates                    8          9          9
       International Affiliates            5          6          7
+ service stations                                100         97         97
Casino supermarkets                               425        445        446
  Of which French Affiliates                    51         58         61
       International Franchise              35         41         39
Affiliates
+ service stations                                169        173        173
Franprix supermarkets                             892        891        875
  Of which Franchise outlets                   377        390        347
Monoprix supermarkets                             518        542        555
  Of which Naturalia                            58         71         74
  Of which Franchise outlets/Affiliates        131        137        143
Leader Price discount stores                      595        604        600
  Of which Franchise outlets                   245        231        149
Total supermarkets and discount stores           2,430      2,482      2,476
  Of which Franchise outlets/Stores            839        857        739
operated under business leases
Petit Casino superettes                          1,745      1,575      1,500
  Of which Franchise outlets                    28         26         26
Casino Shopping superettes                         7          11         13
Casino Shop superettes                             19         77        112
  Of which Franchise outlets                                          1
Eco Services superettes                            1          1          1
Coop Alsace superettes                                       144        144
  Of which Franchise outlets                              144        144
Spar superettes                                   955        963        956
  Of which Franchise outlets                   743        739        735
Vival superettes                                 1,699      1,705      1,698
  Of which Franchise outlets                  1,697      1,704      1,697
Casitalia and C'Asia superettes                    1          1          1
Other Franchise stores                           1,115      1,105      1,098
Corner, Relay, Shell, Elf, Carmag.               1,115      1,105      1,098
Wholesale activity                                935        935        934
TOTAL CONVENIENCE STORES                         6,477      6,517      6,457
  Of which Franchise outlets/Stores           4,519      4,654      4,635
operated under business leases/Wholesale
Other Affiliate stores                             28         29         29
  Of which French Affiliates                    20         20         20
       International Affiliates             8          9          9
Other businesses                                  297        304        301
  Cafeterias                                   295        302        299
  Cdiscount                                     2          2          2
TOTAL France                                     9,358      9,457      9,389
Hypermarkets (HM)                                 126        125        126
Supermarkets (SM)                                1,835      1,878      1,876
Discount (DIS)                                    595        604        600
Superettes (SUP) and other stores (MAG)          6,505      6,546      6,486
Other (DIV)                                       297        304        301

                   Period-end store network: International

International                       31 March 2012 31 Dec. 2012 31 March 2013
ARGENTINA                                24       24           20
Libertad hypermarkets                    15       15           15
Other businesses                         9        9            5
URUGUAY                                  52       52           52
Géant hypermarkets                       1        1            1
Disco supermarkets                       27       27           27
Devoto supermarkets                      24       24           24
BRAZIL                                   1,570    1,640        1,661
Extra hypermarkets                       133      138          138
Pao de Açucar supermarkets               158      162          163
Extra supermarkets                       204      207          209
Assai discount stores                    60       61           64
Minimercado Extra superettes             71       107          119
Casas Bahia discount stores              544      568          572
Ponto Frio                               400      397          396
THAILAND                                 240      348          386
Big C hypermarkets                       108      113          114
Big C supermarkets                       14       18           19
Mini Big C superettes                    62       126          158
Pure                                     56       91           95
VIETNAM                                  23       33           32
Big C hypermarkets                       18       21           22
Superettes                               5        12           10
INDIAN OCEAN                             53       57           57
Jumbo hypermarkets                       11       11           11
Score/Jumbo supermarkets                 22       25           25
Cash and Carry supermarkets              5        5            5
Spar supermarkets                        8        6            6
Other businesses                         7        10           10
COLOMBIA                                 366      427          454
Exito hypermarkets                       82       87           88
Pomona, Carulla, Exito                   131      136          134
supermarkets
Surtimax discount stores                 84       119          144
Exito Express and Carulla Express        60       77           81
superettes
Ley and others                           9        8            7
TOTAL INTERNATIONAL                      2,328    2,581        2,662
Hypermarkets (HM)                        368      386          389
Supermarkets (SM)                        593      610          612
Discount (DIS)                           144      180          208
Superettes (SUP)                         198      323          370
Other (DIV)                              1,025    1,082        1,083
                                                           

                                      
                                      

                                      

                                      
                          2013-04-18 - PR CA T1 2013

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          Source: Casino, Guichard Perrachon via Thomson Reuters ONE
                                 HUG#1694229
 
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