Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172

CARREFOUR (CA)

Delayed Quote. Delayed  - 06/30 05:39:06 pm
22.21 EUR   +1.14%
06/30 CARREFOUR : Mathilde RODIÉ is appointed Director of Financial Commun..
06/29 CARREFOUR : Taiwan opened the 23rd Market's store
06/29 CARREFOUR : welcomes the ILO conference "Global business engagement ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CARREFOUR : 1Q Sales Rise On Calendar Effect, Petrol Prices

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/12/2012 | 08:12am CEST

French retail giant Carrefour SA (CA.FR) Thursday reported a 1.5% rise in first-quarter sales, as higher petrol prices and a positive calendar effect offset continued weak consumption in France and Southern Europe.

Carrefour, the world's No. 2 retailer by sales, after U.S.-based Wal-Mart Stores Inc. (WMT), said sales for the first three months of the year rose to EUR22.5 billion, from EUR22.15 billion a year earlier, on a pro-forma basis that takes into account the spinoff of the Dia discount chain last summer.

The performance is in line with analysts' expectations of EUR22.45 billion.

Carrefour's Chairman and Chief Executive Lars Olofsson, who will step down in June, said sales in the first quarter rose thanks to "continued growth in emerging markets". Sales in Southern Europe were impacted by lower non-food spending, while sales in Latin America had a "satisfying performance".

In France, the company's most important market in which it generates more than 40% of annual revenue, sales rose 0.8% to EUR9.36 billion, helped by petrol price inflation, an extra day of business in January and the leap year effect in February. Excluding fuel, sales in France in the first quarter fell 0.5% compared with the same period in 2011.

Sales in Brazil, at a constant foreign exchange rate and excluding petrol sales, rose 8.2% to EUR3.17 billion. Sales in China were down 1.5% at a constant foreign exchange rate at EUR1.66 billion.

After issuing several profit warnings last year, the company has given no guidance for earnings in 2012, saying only that it plans "minimum cost savings of EUR400 million" and tight control of capital expenditure.

Olofsson will hand over to Georges Plassat--the company's third boss in four years--who will shoulder the responsibility of turning around the struggling retail giant.

-By Nadya Masidlover and Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

Order free Annual Report for Carrefour SA

Visit http://djnweurope.ar.wilink.com/?ticker=FR0000120172 or call +44 (0)208 391 6028

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on CARREFOUR
06/30 CARREFOUR : Mathilde RODIÉ is appointed Director of Financial Communications and..
06/29 CARREFOUR : Taiwan opened the 23rd Market's store
06/29 CARREFOUR : welcomes the ILO conference "Global business engagement for disabili..
06/28 CARREFOUR : Ministry in price stability deal with 15 retail outlets
06/28 CARREFOUR : Ministry in price stability deal with 11 retail outlets
06/27 CARREFOUR : partnering Viva Technology Paris
06/27 CARREFOUR : The first permaculture-inspired farm in the Ile-de-France region wil..
06/27 CARREFOUR : Belgium has revised its environmental targets upwards
06/21 CARREFOUR : Cepsa and Carrefour sign the renewal of the agreement to continue op..
06/20 CARREFOUR : Passing of M. Wu Jianmin, Carrefour expresses sincere condolences
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials