GPA, the Brazilian subsidiary of Casino
All,
Overnight, GPA, the Brazilian subsidiary of Casino reported their Q4 and FY18 numbers. Conference call is at 1:30
Headline numbers are strong - Top line growth plus EBITDA margin expansion in both segments, Multivarjaro and Assai. More details after the call, but the main take away from the statement is not the numbers themselves but the fact that the Company are entering a TRS for 3% of Via Varejo. This is the segment they have de-consolidated as it is an asset held for sale. The negative is they have c. 40% equity stake in Via Varejo and were trying to sell the entire stake. This TRS for 3.09% indicate an inability to sell the whole stake?
Conference in Portuguese (original language)
Webcast: click here.
Access code: GPA
Conference in English (simultaneous translation)
Webcast: click here.
Access code: GPA
CONFERENCE CALL WITH WEBCAST
February 21th, 2019
10:30 a.m. (Brasília time) | 8:30 a.m. (NY) | 1:30 p.m. (London)
Wolfgang