2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

231 DECEMBER 2010Financial highlightsFINANCIAL HIGHLIGHTS2010 financial highlights:CONTINUING OPERATIONS€ millions 2009 2010Reportedchange (%)Organicchange (1)Total business volume excl. VAT (2) 36,842 42,777 +16.1% +8.3%Net sales 26,757 29,078 +8.7% +4.7%Gross profit 6,921 7,325 +5.8%EBITDA (3) 1,849 1,953 +5.6% -3.1%Depreciation and amortisation expense (639) (653) -2.2%Trading profit 1,209 1,300 +7.5% -3.9%Other operating income and expense (37) 15Financial income and expense, of which: (345) (362) -4.9%Finance costs, net (343) (345) -0.7%Other financial income and expense, net (2) (17)Profit before tax 828 953 +15.0%Income tax expense (201) (214)Share of profits of associates 6 13Profit from continuing operations 633 752 +18.7%Attributable to equity holders of the parent company 543 559 +3.0%Attributable to minority interests 90 193Net profit from discontinued operations 228 (9)Attributable to equity holders of the parent company 48 (9)Attributable to minority interests 179 0Total net profit 861 743 -13.7%Attributable to equity holders of the parent company 591 550 -7.0%Attributable to minority interests 270 193UNDERLYING NET PROFIT ATTRIBUTABLETO EQUITY HOLDERS OF THE PARENT (4) 534 529 -1.0%(1) Based on a comparable scope of consolidation and constant exchange rates, excluding the impact of asset disposals to OPCI property funds and before reclassifi cation of the CVAE underincome tax.(2) Includes all revenue from consolidated companies, associates and franchisees, on a 100% basis.(3) EBITDA = earnings before interest, taxes, depreciation and amortisation.(4) Profi t from continuing operations adjusted for the impact of other operating income and expense (as defi ned in the “Signifi cant Accounting Policies” section of the notes to the consolidatedfi nancial statements), non-recurring fi nancial items and non-recurring income tax expense/benefi ts (see Appendix on page 22).16 Casino Group | Registration Document 2010