PR Newswire/Les Echos/
Bayonne, March 18th , 2010
2009 FULL-YEAR EARNINGS
(In thousand euros) 2009 2008
Sales (excl. VAT) 515,198 516,311
GUYENNE ET Income from ordinary operations 6,806 3,316
GASCOGNE Share of Sogara income 12,278 13,487
Consolidated financial Share of Centros Comerciales 8,657 15,362
statements Carrefour income
Net income (Group share) 25,012 31,775
Sales (excl. VAT) 515,198 516,311
Guyenne et Gascogne EBIT 6,110 2,643
parent company Sogara dividend 27,219 91,381(1)
Net income 29,775 94,741
Sales (excl. VAT) 1,420,042 1,502,895
Sogara Income from ordinary operations 38,578 51,075
Net income 24,556 26,974
Sales (excl. VAT) 8,969,987 9,711,213
Centros Comerciales Income from ordinary operations 444,326 540,156
Carrefour (Spain) Net income 210,328 373,225
(1) In March 2008, Guyenne et Gascogne received a higher dividend from Sogara,
factoring in the Spanish subsidiary's exceptional payout in December 2007.
The parent company's accounts are presented under French GAAP, while the
accounts for Sogara and Centros Comerciales Carrefour are presented under IFRS.
The Sogara and Centros Comerciales Carrefour subsidiaries are consolidated on an
equity basis for 50% and 4.1% respectively.
As recommended by the French securities regulator (AMF), it is necessary to
indicate that the accounts for 2009 were approved by the supervisory board on
March 17th, 2010 and, in line with standard practices, the audit procedures are
underway.
Thanks to its sound finances and the appeal of its brands, the Guyenne et
Gascogne Group showed resilience over 2009 in a particularly sluggish
environment, especially in Spain.
- The parent company is confirming its turnaround, with significant
improvements in its performances, benefiting in particular from Carrefour
Market's success.
- Sogara, despite the recurring issues for the non-food sector, is limiting
the drop in its earnings, safeguarding its competitiveness and price image.
- The Spanish subsidiary, set against the backdrop of a major economic
crisis, is streamlining its structures and further strengthening its dynamic
commercial development, while maintaining a considerable level of
profitability.
The Guyenne et Gascogne Group has rapidly adapted to the difficult environment,
enabling it to be confident about its ability to overcome the crisis and resume
its growth. As a result, and in line with the traditional shareholder-friendly
compensation policy, a proposal will be submitted at the general meeting on May
20th, 2010 for a dividend of 3.80 euros per share.
First-quarter sales to be released on April 19th, 2010
The Guyenne et Gascogne Group's financial information is available on the
company's website at:
www.guyenneetgascogne.com
Press contact: Calyptus - Marie-Anne Garigue
Tel: +33 1 53 65 68 63 - Fax: +33 1 53 65 68 60
marie-anne.garigue@calyptus.net
Guyenne et Gascogne contact: Marc Léguillette
Tel: +33 5 59 44 55 00 - Fax: +33 5 59 44 55 77
marc.leguillette@guyenneetgascogne.fr
ISIN: FR0000120289
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