Carrefour's Q4 sales rose 0.8% from a year ago to €22.9B as full-year sales gained 1% to €86.6B; sales rose slightly in France, fell in Europe excluding France, were robust in Latin America, Asia
BOULOGNE BILLANCOURT, France
January 17, 2013
– Q4 2012 sales (inc. VAT): +0.8% to €22.9bn
Full-year 2012 sales (inc. VAT): +1.0% to €86.6bn
Q4 2012 sales: €22.9bn, +0.8%, supported by Latin America and food sales. Fourth quarter also confirms the improvement in trends reported in France in the third quarter. Consumption in Southern Europe remains under pressure.
France: Sales up 0.6%, with a further improvement in trends in hypermarkets, sales growth in supermarkets and a solid performance in convenience. The figures benefit from an increase in fuel sales.
Europe (excluding France): Sales down 2.4%. The impact of the drop in consumption is significant this quarter in Southern Europe and Poland. Belgium continues to record solid growth.
Latin America: Sales up 4.8% (+15.1% at constant exchange rates). Continued strong growth in Brazil.
Asia: Sales growth of 5.6% (-0.5% at constant exchange rates). In China, expansion continues and constant currency sales increased by 0.7%. Taiwan recorded lower sales in the quarter.
Full-year 2012 sales: €86.6bn, +1.0%. Emerging markets performed well, notably Latin America where sales increased by 4.8% (+12.2% at constant exchange rates).
2012 Recurring Operating Income: The Group is comfortable with the current median consensus which stands at around €2.07bn.
Carrefour 2012 Q4 and Full Year Sales