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Carrefour H1 sales stood at €43,053 million

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Staff Writer | August 31, 2017
Carrefour’s first-half sales including VAT stood at €43,053m, up +6.2%. Over the period, currencies had a favorable effect of +2.8% while petrol had a favorable effect of +0.5%.
Carrefour   First-half sales grew by +2.6% on an organic basis
Carrefour’s first-half sales grew by +2.6% on an organic basis, with a contribution from emerging markets that remains solid at +6.4% despite a slowdown of inflation in several countries, and an increase of 1.1% in Europe, including France.

In the second quarter, Carrefour’s total sales grew by +6.1%, and by +2.8% like-for-like. In France, sales grew this quarter by +0.8% on a reported basis and +1.9% like-for-like.

In Other European countries, second-quarter sales once again increased sharply, by +8.6% in total and +3.4% like-for-like.

In Latin America, second-quarter sales were up +6.9% like-for-like and +20.0% in total, including a favourable +8.9% currency effect.

This good performance was achieved in the context of a strong slowdown of food inflation in Brazil and a challenging economic environment that continued to weigh on consumption in Argentina.

In Asia, second-quarter sales were down by -2.3% in total (-4.7% on a like-for-like basis).

China posted a drop in like-for-like sales of -6.6% and like-for-like sales in Taiwan improved for the tenth consecutive quarter by +0.6%, on the back of a high comparable base.

Group Recurring Operating Income (ROI) stood at €621m and adjusted EBITDA1 stood at €1,431m, slightly down by -1.2% at current exchange rates and -7.0% at constant exchange rates.