Q3 2020 Casino Guichard Perrachon SA Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Third Quarter 2020 of Casino Group Conference Call. I'll now hand over to Mr. David Lubek, Chief Financial Officer of Casino Group. Sir, please go ahead.
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Thank you. Good evening, and thank you for joining us for our third quarter sales conference call. I'm here with Lionel and the IR team. We hope you are safe and well.
First, a few words about the current environment. As we are experiencing in every country, the evolution of the COVID-19 pandemic is difficult to forecast. In France, we came out of lockdown in May, and daily life reverted to some degree of normalcy during the summer, albeit with restrictions on international travel that severely curtailed tourist flows from abroad. Against this background, we have delivered stable sales in France and a EUR 46 million improvement in EBITDA in the quarter, principally due to our swift action on costs and strong performance from the Cdiscount marketplace.
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