The Group's consolidated sales reached E2.1 bn in Q1 2024, down -3.8% on a like-for-like and organic basis, and -4.6% on a reported basis.

The convenience brands (Monoprix, Franprix and Casino) reported virtually stable sales on a like-for-like basis (+0.1%), despite a high basis of comparison in Q1 2023.

Adjusted EBITDA for Q1 2024 came to ME106 (ME10 after rents), compared with ME145 in Q1 2023 (ME35 after rents), a decline of ME39.

In Q1 2024, free cash flow came to ME327 (ME226 in Q1 2023), after payment of ME153 in social security and tax debts placed under moratorium in 2023. Net financial debt stood at €1.6 bn on March 31, 2024 (versus €6.2 bn on December 31, 2023).

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