Customer
0210 Annual Report. Watch the website.
 

Our sales

2010 Sales

Q3 2010 Sales

Solid growth driven by emerging markets
Q3 2010 sales (incl. VAT): €25.6 billion, +6.7% at current exchange rates
+1.9% ex-petrol at constant exchange rates
+0.1% like-for-like ex-petrol
2010 Activity Contribution estimated at around € 3bn,
impacted by additional one-off charges in Brazil

France: encouraging traffic trends for hypermarkets in Q3, resilience of Carrefour Market sales
- Like-for-like market share gains by Carrefour banners (source Nielsen): + 70 bp since the beginning of the year
- Sequentially improved traffic trends in hypermarkets with -1.2% in Q3 vs. -2.7% in Q2 and -4.5% in Q1
- Continuing sales growth per sqm at Carrefour Market
- Strong performance of stores converted to the Carrefour convenience banners (308 Carrefour Contact and City at the end of Q3)

Europe: improving performance in Belgium and Poland, Southern Europe still impacted by the    economic situation
- Belgium: improved performance after store closures (-1.3% like-for-like)
- Poland: promising sales improvement (+4.7% LFL growth)
- Spain: Like-for-like sales decrease in an environment that remains challenging (-4.3% ex petrol in Q3)

Solid growth in Latin America (+34.3%) and in Asia (+26.3%) at current exchange rates
- Strong growth in Brazil (+13.1% at constant exchange rates) boosted by excellent performance of Atacadao
- First positive LFL growth since Q2 2008 in Taiwan
- Solid growth in China (+7.0% like-for-like in Q3)

Hard discount: improving performance in Spain, successful banner conversion in France
- Sequential LFL improvement in Spain, with growth in volumes in a deflationary environment (like-for-like increase of +0.1% in Q3)
- Strong growth in emerging markets
- Sustained growth in the 257 stores converted from ED to Dia banner at the end of Q3 2010

2010 AC estimated at around €3bn: full-year impact of one-off charges in Brazil now estimated at around €180m
- Audit underway to determine final scope of adjustments consisting mostly of provisions for uncollected rebates,tax litigation, inventory write-offs and depreciations

Lars Olofsson, CEO and Board Member of Carrefour, declared: “Carrefour turned in a solid sales performance in the third quarter in spite of a trading environment that remains challenging in a number of key markets. We are particularly satisfied by our strong sales in emerging markets, such as China and Latin America, and by encouraging signs of recovery in such markets as Belgium, Poland and Taiwan. Further one-off charges related to Brazil, resulting from the ongoing audit we have ordered, now lead us to estimate our 2010 Activity Contribution at around € 3bn. We remain focused on the flawless execution of our Transformation Plan and notably on the preparation of the roll-out of Carrefour Planet."

 

Publication

You can order on line our last publications and get home delivery

  Ordering publications

Direct Access


Investor relations department


Subscribe

get the last news by mail