See high casino at least 10 percent in operating profit to 2017

Paris-the French retailer Casino expects a growth of at least 10% in the operating profit of 2017, based on the current exchange rate, which analysts consider a projection less robust than expected.
The group, which had your credit rating downgraded by Standard & Poor''s in March last year, is under increasing pressure to show they can reclaim the performance in France at a time of slower growth in Brazil, your second main market.
In 2016, the Casino had operating profit of 1.034 billion euros, up from revised EUR 997 million value assessed in 2015. The result was close to the expectation of analysts heard in a survey by Thomson Reuters I/B/E/S, from 1.046 billion euros.
The operating profit of 2015 was adjusted to account for the sale of assets in Asia. Via Retail operations in Brazil, which were put up for sale by the French group, were reported separately in the balance sheet of 2016.
In France, the Casino operations generated operating profit of 508 million euros last year, compared with 337 million euros in 2015, in line with guidance the company traced to 2016, of just over 500 million euros.
But in Brazil, where the Casino controls the Pão de Açúcar group, operating profits fell to 314 million euros, down from 434 million euros, affected by promotional spending to boost sales at supermarket chain Extra.
For 2017, the company said it hopes to expand in 15% the operating profit in food retail area in France. The Casino still provides that property development operations contribute 60 million euros, compared to 87 million euros in 2016.
Despite delivering better results on the French market and reduce the debt, the stock of Casino retreated almost 5% on the Paris stock exchange, one of the worst performances.
In addition to the weaker numbers in Brazil, investors and analysts highlighted that the prospect of profit publicised by the company came not as good as expected. "The prospect of growth came below the market consensus," said Gregory Moore, Fund Manager of Keren Finance.
So far in 2017, however, accumulate high Casino papers about