Organic sales up +4.2% in Q3 and +3.4% for the
first nine months of 2015
Regulatory News:
Carrefour (Paris:CA):
2015 third quarter sales: €21.5bn, +4.1% ex petrol and +4.2%
on an organic basis
- France: Uninterrupted growth for
over three years now, +5.6% ex petrol and +1.6% on an organic basis
- Growth in all formats
- The pace of DIA store conversions
gaining speed
- International: Excellent sales
growth, up +2.9% ex petrol and +6.2% on an organic basis
- Accelerating organic growth in Europe,
notably in Spain and Italy
- Another excellent performance in Latin
American (excluding the currency effect) in a more challenging
environment
- Confirmation of return to growth in
Taiwan, continued roll-out of action plan in China
Nine-month 2015 sales: €63.9bn, +5.9% ex petrol and +3.4% on
an organic basis
- France: +6.1% growth ex petrol and
+1.7% on an organic basis
- International: Excellent growth
of +5.8% ex petrol and +4.5% on an organic basis
Third quarter 2015 consolidated sales inc. VAT
The Group posted sales of €21,544m. In the third quarter,
currencies had an unfavorable impact of -2.3% and the petrol impact
was -1.9%.
Sales inc.VAT (€m)
Organic growthex petrolex calendar
Total growth Inc. petrol Ex.
petrol France 10,266 +1.6% +2.3% +5.6% International
11,277 +6.2% +2.2% +2.9%
Group 21,544
+4.2% +2.2% +4.1%
Total sales under banners including petrol stood at €26.2bn in
the third quarter of 2015, up +2.8% at current exchange rates.
Nine-month 2015 consolidated sales inc. VAT
In the first nine months of 2015, the Group posted sales of
€63,864m. Over the period, currencies had a favorable effect of
+0.1%. The petrol impact was -1.7%.
Sales inc.VAT (€m)
Organic growth
ex petrol ex
calendar
Total growth Inc. petrol Ex.
petrol France 29,938 +1.7% +2.8% +6.1% International
33,926 +4.5% +5.2% +5.8%
Group 63,864
+3.4% +4.1% +5.9%
Total sales under banners including petrol stood at €77.5bn over
the first nine months of 2015, up +5.3% at current exchange
rates.
THIRD QUARTER 2015 SALES INC. VAT
France
Sales inc.
VAT (€m)
Ex petrol Ex calendar Total
LFL
Organic
change
Inc. petrol Ex. petrol France
10,266 +1.6% +1.6% +2.3%
+5.6% Hypermarkets 5,325 +0.7% +0.9% -1.6%
+1.0% Supermarkets 3,298 +2.5% +1.6% -1.3% +2.0% Convenience and
other formats 1,644 +3.0% +4.1% +27.4% +33.9%
In the third quarter, France posted total growth ex
petrol of +5.6% (including DIA stores). Sales grew on an organic
basis in the third quarter for the third consecutive year, with an
increase of +1.6%.
Over the quarter, petrol prices had an unfavorable impact of
3.3%. The calendar effect is estimated at +0.1%.
Sales at hypermarkets were up by +0.9% on an organic
basis and up +0.7% LFL. Food sales continued to grow.
Supermarket sales were up +1.6% on an organic basis. LFL
sales were up +2.5%.
Organic sales in convenience and other formats continued
to grow by +4.1%.
International
Sales inc.VAT (€m) Ex
petrol Ex calendar Total LFL
Organic
change
Inc. petrol Ex. petrol International
11,277 +5.1% +6.2% +2.2%
+2.9% Other European countries 5,535 +4.2%
+3.5% +4.2% +5.3% Latin America 3,857 +11.7% +16.0% -2.8%
-2.2% Asia 1,885 -7.5% -7.0% +7.1% +7.1%
Organic sales in international markets grew by +6.2%
(+5.1% LFL). The calendar effect was neutral over the quarter and
currencies had an unfavorable impact of 4.4%.
Organic sales in Other European countries were up again
this quarter and accelerated sharply to +3.5%.
LFL sales in Spain posted strong growth, up +4.6% in the
third quarter. Italy confirmed its turnaround with LFL sales
up +5.9%, helped in part by a favorable base effect this quarter.
LFL sales in Belgium were up by +2.7% and close to breakeven
in Poland. LFL sales grew strongly in Romania1,
boosted by the favorable impact on volumes of the strong drop in
the VAT rate on food beginning June 1.
Organic sales in Latin America posted remarkable growth
of +16.0%. Total sales were down in the region by 2.8%, due to a
strong currency impact of -18.5%. This is explained by the impact
of the 25.7% depreciation in the period of the Brazilian Real
versus the euro and is partly offset by the appreciation of the
Argentine Peso.
In Brazil, organic sales growth remained strong in an
environment that has become more challenging in the past quarters.
Organic sales were up +12.2% (+7.4% LFL) over a strong comparable
base of +12.8% last year. All formats continued to post organic
sales growth. Multi-format expansion continued. Organic sales in
Argentina grew by +29.2%, of which +27.1% LFL.
In Asia, total sales were up by +7.1%, including a
favorable currency effect. Organic sales were down 7.0%.
In China, in a context of slowing consumption, sales were
down 10.6% on an organic basis and down 11.2% LFL. We continued to
roll out our action plan in the country. In Taiwan, sales
grew for the third consecutive quarter, both on a LFL basis (+4.3%)
and an organic basis (+4.8%).
____________________
1 LFL sales in Romania are restated for the technical effect on
prices of the lower VAT rate.
NINE MONTH 2015 SALES INC. VAT
France
Sales inc.VAT (€m) Ex
petrol Ex calendar Total LFL
Organic
change
Inc. petrol Ex. petrol France
29,938 +1.6% +1.7% +2.8%
+6.1% Hypermarkets 15,534 +1.0% +1.2% -1.0%
+1.2% Supermarkets 9,716 +2.1% +1.6% -1.4% +1.6% Convenience and
other formats 4,688 +3.2% +4.1% +31.0% +38.3%
In the first nine months of 2015, France posted organic
growth of +1.7% on the back of positive comparables in 2014 and in
2013. All formats once again posted organic growth.
International
Sales inc.VAT (€m) Ex
petrol Ex calendar Total LFL
Organic
change
Inc. petrol Ex. petrol International
33,926 +3.2% +4.5% +5.2%
+5.8% Other European countries 16,050 +1.6%
+1.4% +2.4% +3.2% Latin America 12,016 +11.6% +15.7% +7.4%
+8.1% Asia 5,860 -9.5% -8.8% +8.6% +8.6%
Organic sales in international markets were up +4.5% in
the first nine months of 2015. Organic sales in Other European
markets are up by +1.4%. Latin America continued to post strong
growth and organic sales in the region were up by +15.7%. In Asia,
organic sales were down 8.8% and up +8.6% in total, boosted by a
positive currency effect.
Note: LFL and organic growth numbers are presented ex calendar
and ex petrol.
Variation of 2015 third quarter sales inc. VAT
Change at
current
exchange
rates inc.
petrol
Change at
constant
exchange
rates inc.
petrol
LFL inc. petrol
LFL ex petrol
ex calendar
France +2.3% +2.3% -0.9%
+1.6% Hypermarkets -1.6% -1.6% -1.8%
+0.7% Supermarkets -1.3% -1.3% -0.3% +2.5%
International
+2.2% +6.6% +4.8%
+5.1%
Other European countries +4.2%
+4.3% +3.6% +4.2% Spain +2.0%
+2.0% +3.0% +4.6% Italy +11.4% +11.4% +5.6% +5.9% Belgium +1.3%
+1.3% +2.8% +2.7%
Latin America -2.8% +15.7%
+11.6% +11.7% Brazil -13.5% +12.2%
+7.6% +7.4%
Asia +7.1% -7.0% -7.5%
-7.5% China +4.1% -10.6% -11.2% -11.2%
Group total
+2.2% +4.5% +2.1%
+3.5%
Variation of nine-month 2015 sales inc. VAT
Change at
current
exchange
rates inc.
petrol
Change at
constant
exchange
rates inc.
petrol
LFL inc. petrol
LFL ex petrol
ex calendar
France +2.8% +2.8% -0.7%
+1.6% Hypermarkets -1.0% -1.0% -1.2%
+1.0% Supermarkets -1.4% -1.4% -0.8% +2.1%
International
+5.2% +5.0% +3.1%
+3.2%
Other European countries +2.4%
+2.3% +1.1% +1.6% Spain +0.4%
+0.4% +1.3% +2.6% Italy +6.0% +6.0% -0.2% -0.2% Belgium +0.1% +0.1%
+1.5% +1.6%
Latin America +7.4% +15.2%
+11.5% +11.6% Brazil -0.8% +11.9% +7.8% +7.6%
Asia
+8.6% -8.4% -9.0%
-9.5% China +5.9% -11.3% -12.2% -12.6%
Group total +4.1%
+4.0% +1.3% +2.5%
EXPANSION UNDER BANNERS – Q3 2015
In Q3 2015, copened or acquired 141,000 gross sq. m. Net of
disposals and closures, the network added 87,000 sq.m in Q3 2015.
Since the beginning of the year, the network has added 924,000
gross sq. m. (715,000 net sq. m.).
Thousands of sq. m.
Dec 31,
2014
June 30,2015
Openings/Store
enlargements
Acquisitions
Closures/
Store
reductions
Total Q3
2015 change
Sep. 30, 2015 France 5,189 5,662
7 (5) 3 5,665 Europe (ex France)
5,753 5,852 81 (37) 44 5,896 Latin America 2,173 2,209 23 (4) 19
2,228 Asia 2,757 2,735 17 (8) 9 2,745 Others1 761 802
12 (1) 12 813
Group 16,633 17,260
141 (55) 87
17,348
STORE NETWORK UNDER BANNERS – Q3 2015
In Q3 2015, Carrefour opened or acquired 281 stores. Net of
disposals or closures, the network added 145 stores in Q3 2015,
bringing the total network to 12,058 stores at the end of
September.
No of stores
Dec 31, 2014 June
30,2015 Openings
Acquisitions
Closures/
Disposals
Transfers
Total Q3
2015 change
Sep. 30,2015 Hypermarkets
1,459 1,461 13
(4) 1 10
1,471 France 237 242
242 Europe (ex France) 489 479 5 (2) 3 482
Latin America 291 296 4 (1) 3 299 Asia 375 372 3 (1) 2 374
Others1
67 72 1 1
2 74
Supermarkets 3,115
3,210 61 (16)
19 64 3,274 France 960
963 18 18 981 Europe (ex France) 1,819 1,894 51 (14) 1 38 1,932
Latin America 169 170 170 Asia 19 22 6 (1) 5 27 Others1 148
161 4 (1) 3
164
Convenience 6,111
7,066 207 (113)
(19) 75 7,141 France
3,673 4,333 49 (38) (18) (7) 4,326 Europe (ex France) 2,035 2,320
146 (75) (1) 70 2,390 Latin America 370 374 10 10 384 Asia - 2 1 1
3 Others1 33 37 1
1 38
Cash & carry
175 173
(1) (1) 172 France
143 142 142 Europe (ex France) 19 18 18 Others1 13 13
(1) (1)
12
Group 10,860 11,910
281 (133)
148 12,058 France 5,013 5,680 49 (38)
11 5,691 Europe (ex France) 4,362 4,711 202 (91) 111 4,822 Latin
America 830 840 14 (1) 13 853 Asia 394 396 10 (2) 8 404 Others1
261 283 6 (1)
5 288
1 Maghreb, Middle East and Dominican Republic
DEFINITIONS
LFL sales growth: Sales generated by stores opened for at
least twelve months, excluding temporary store closures, at
constant exchange rates.
Organic growth: LFL sales plus net openings over the past
twelve months, including temporary store closures, at constant
exchange rates.
Sales under banners: Total sales under banners including
sales by franchisees and international partnerships.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151015006758/en/
Investor Relations:Alessandra Girolami, Matthew Mellin, Mathilde
RodiéTel : +33 (0)1 41 04 28 83orShareholder RelationsTel : +33
(0)805 902 902 (toll-free in France)orGroup CommunicationTel : +33
(0)1 41 04 26 17
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