May 15 (Reuters) - Casino CEO Jean-Charles Naouri tells shareholders::CEO SAYS REITERATES 2018 FINANCIAL GUIDANCE, CONFIDENT CAN DELIVER ON IT IN VIEW OF GOOD Q1 AND CONTINUATION OF GOOD TREND IN Q2..Reiterates prediction of 2018 organic growth above 10 percent in conslidated profit, excluding tax credits, and of organic groth in French operating profit, excluding real estate activities, also above 10 percent.
Casino Chairman and CEO Jean-Charles Naouri and CFO Antoine Giscard d'Estaing tell a news conference: CEO says expects good comercial trend at Brazil's retailer GPA in 2017 along Q4 2016 trend . CFO says group EBIT growth guidance for 2017 is "cautious" . CEO says group has not yet decided what it will do with the cash raised from Via Varejo unit sale . CFO eyes 2017 capex of a lttle under 1 billion euros . CEO says cash from Via Varejo consumer electronics unit sale could be used to reduce financial expenses or to accelerate Assai cash & Carry stores expansion in Brazil . CFO says goal remains for French geant hypermarkets to break even in 2017 . CEO says group has no plans to launch cash & carry stores in France .CEO says first four weeks of 2017 sho business trends in France close to those of Q4 2016.