Carrefour Sales Rise 0.8% in Q4

Carrefour SA said revenues rose 0.8 percent to 22.85 billion euros, or $30.26 billion, in the fourth quarter of 2012, supported by robust activity in South America and its food sales.

The world’s second-largest retailer behind Wal-Mart Stores Inc. said the period had confirmed an improvement in consumption in France, its largest market, although it had continued to see pressure in Southern European markets.

On a constant-currency basis and excluding gas, like-for-like revenues grew 0.4 percent during the period. This included a 0.8 percent decline in France, a 3.9 percent drop in the rest of Europe, an 11.2 percent rise in Latin America and a 3.9 percent fall in Asia.

For the 12-month period, the French retailer said its revenues grew 1 percent to 86.56 billion euros, or $114.31 billion, with emerging markets, particularly Latin America, performing well.

It added that it expects its 2012 recurring operating income to conform with the current median consensus, which stands at around 2.07 billion euros, or $2.73 billion.

All dollar rates are calculated at average exchange rates for the period concerned.

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Posted on January 19, 2013, in Other. Bookmark the permalink. Leave a comment.

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