FRANCE: Carrefour hails "accelerating sales" in 2013

By Katy Askew | 16 January 2014

Carrefour sounds confident note on FY sales performance

Carrefour sounds confident note on FY sales performance

French retailer Carrefour insisted revenue gains "accelerated" throughout 2013 despite a drop in total sales due to currency exchange. 

In a sales update this morning (16 January), Carrefour said organic revenue grew by 2.5%. However, currency exchange weighed on the group result, which meant total sales declined 1.2% to EUR84.3bn (US$114bn) in the fiscal. 

The company said it saw a "rebound" in France - pointing to sales gains across all formats resulting in a 1.3% rise in revenue. The group also witnessed "continued momentum" in its international activities, with growth of 3.5% boosted by gains of 12.6% in Latin America excluding foreign exchange.

The company emphasised the performance of its European operations improved during the fourth quarter, with a return to growth in Spain where economic conditions had hit sales earlier in the year.

Carrefour said it was "comfortable" it will hit market expectations for earnings. Consensus reoccurring income expectations stand at EUR2.19bn. 

Click here for the sales release from Carrefour.

Click here for just-food's analysis of the results, with a focus on the slowdown at Carrefour's domestic hypermarkets.

Sectors: Financials, Retail

Companies: Carrefour

View next/previous articles

Currently reading -

FRANCE: Carrefour hails "accelerating sales" in 2013

There are currently no comments on this article

Be the first to comment on this article

Related research

Carrefour SA Carrefour Sabançi Ticaret Merkezi AS in Retailing (Turkey)

Carrefour SA Carrefour Sabançi Ticaret Merkezi aims to increase its share in Turkey by offering high-quality products at reasonable prices. To this end, the company aims to increase its presence throughout Turkey, with a growing number of outlets....

Carrefour S.A. (CA) - Financial and Strategic SWOT Analysis Review

Carrefour S.A. (CA) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view o...

Carrefour S.A. - SWOT, Strategy and Corporate Finance Report

Carrefour S.A. - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corp...

Related articles

GREECE: Carrefour franchisee to add 42 stores to portfolio

Carrefour's Greek franchisee Marinopoulos has announced its intention to acquire 42 stores of the Larisa Super Market chain.

INDIA: Carrefour, Bharti "in talks" over tie-up

France's Carrefour is reportedly in talks with Bharti Group over a potential joint venture in India.

FRANCE: Carrefour Q1 sales down but meet analyst forecasts

Carrefour this morning (10 April) posted a mixed set of first-quarter sales that led to group revenue dropping almost 4%, although the decline met analyst expectations.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page