France's Cora posts stable results for 2017 | Progresiv
Strong turnover and operating results posted by French retailer Cora for FY2017 indicates that the company has been able to stabilise sales and margins, according to French publication Linéaires. 
The company reported 4.69 billion euros in sales, a slight drop of 0.3% from 2016's numbers. The operating result of 158 million euros can be considered stable when compared to 161 million euros in 2016.
While these figures may not seem very impressive, French magazine Linéaires points out that Cora's operating ratio at 3,36% is pretty strong when compared to the results of Carrefour (1.93%) or Casino (2.94%) in France.
Cora's turnover of 5.70 billion euros in 2007 was reduced to 4.58 billion euros by 2014. However, figures of the past years reveal that Cora's alliance with Carrefour in 2016 has been crucial in checking the steady drop in numbers the French retailer had been experiencing.
Cora and Carrefour have also agreed to sell each other's private label offering and this is a sign of trust between the two retailers.
By comparison, Cora is still a smaller player, with Casino posting a 556 million euros profit for its French operation in FY2017. Carrefour posted a 692 million euros profit for the same period. (www.esmmagazine.com)
