Auchan: Revenues down 3%

Finance
Interim results for Auchan has been released showing a dip in revenues

ECONOMY: The interim results of Auchan, down, do not undermine the confidence of its leaders …

The interim results of Auchan Holding were made public on Wednesday. These show that from the first half of 2015 and the same period in 2016, giant turnover of supermarkets has decreased by 3%, from 26.9 to 26,100,000,000 euros. At the same time, it is a drop of 21.2% has recorded current operating income.

 


Auchan Holding remains still in green, bringing its chief executive Wilhelm Hubner to say “confident for the future,” even though the manager told during a conference call relayed by Les Echos that the group will “make efforts to find a better profitability. ” As for Xavier Mezerac, the financial manager of Auchan Holding, he described as “encouraging” these interim results.

Adverse currency effects

This is partly to unfavorable currency effects for the group to these quarterly figures, particularly in terms of turnover. However, taking into account the 192 million euros of profit from the Chinese company Sun Art, owned 36% of Auchan, take the group’s results upwards.

 

 

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