SALES UP +5.0% IN H1 AND +4.2% IN Q2
Regulatory News:
Carrefour (Paris:CA) :
- 2015 first half sales: €42.3bn, up
+5,0% in total and up +2.9% on an organic basis
- France : Total growth ex petrol of +6.3% and
organic growth of +1.8%; organic sales growth for the fifth
consecutive half
- International : Excellent growth of +7.3% in total
ex petrol and +3.7% on an organic basis
- 2015 second quarter sales:
€21.4bn, up +4.2% in total and up +2.6% on an organic basis on an
already strong comparable base in 2014
- France : Total growth ex petrol of +5.5%,
organic growth of +1.1%
Growth in all formats on a strong comparable
base
Launch of DIA store conversions in France
- International : Total growth of +5.6% ex petrol
and +3.8% on an organic basis
Accelerating sales growth in Spain
Excellent performance in Latin America
Continued roll-out of action plan in China
and further growth in Taiwan
First half 2015 consolidated sales inc. VAT
The Group posted sales of €42,320m. In the first half,
currencies had a favorable impact of +1.3%. Petrol prices had an
unfavorable impact of -1.6%.
Sales inc. VAT (€m)
Organicgrowth ex petrol ex
calendar Total growth
Inc. petrol
Ex. petrol
France 19,672 +1.8% +3.1% +6.3% International 22,649
+3.7% +6.7% +7.3%
Group 42,320
+2.9% +5.0% +6.9%
Total sales under banners including petrol stood at €51.4bn in
the first half of 2015, up +6.6% at current exchange rates.
Second quarter 2015 consolidated sales inc. VAT
The Group posted sales of €21,369m. This quarter, currencies had
a favorable impact of +0.6%. The calendar effect had an unfavorable
impact of -0.3%, and petrol prices had an unfavorable impact of
-1.2%.
Sales inc. VAT (€m)
Organic
growth ex petrol ex
calendar
Total growth
Inc. petrol
Ex.
petrol
France 10,168 +1.1% +3.3% +5.5% International
11,202
+3.8% +5.0% +5.6%
Group 21,369
+2.6% +4.2% +5.5%
Total sales under banners including petrol stood at €26.0bn in
the second quarter of 2015, up +5.7% at current exchange rates.
FIRST HALF 2015 SALES INC. VAT
France
Sales inc. VAT (€m)
Ex petrol, ex calendar
Total LFL
Organicchange
Inc. petrol Ex. petrol France
19,672 +1.7% +1.8% +3.1%
+6.3% Hypermarkets 10,209 +1.3% +1.5% -0.6%
+1.4% Supermarkets 6,418 +1.8% +1.5% -1.4% +1.4% Convenience
and other formats 3,044 +3.3% +4.2% +33.1%
+40.7%
In the first half of 2015, France posted organic growth
of +1.8%, on an already strong positive base both in 2014 and 2013.
All formats once again posted organic growth.
International
Sales inc. VAT
(€m)
Ex petrol, ex calendar
Total LFL
Organicchange
Inc. petrol Ex. petrol International
22,649 +2.2% +3.7% +6.7%
+7.3% Other European countries 10,515 +0.2%
+0.3% +1.4% +2.1% Latin America 8,159 +11.5% +15.5% +13.0%
+13.7% Asia 3,975 -10.4% -9.7% +9.3% +9.3%
Organic sales in international markets grew by +3.7% in
the first half of 2015. Organic sales in Other European countries
were positive in the half. Latin America remained strong, recording
further organic growth of +15.5%. In Asia, organic sales were down
by 9.7% but total sales were up +9.3%, benefiting from a positive
currency effect.
SECOND QUARTER 2015 SALES INC. VAT
France
Sales inc. VAT (€m) Ex
petrol, ex calendar Total
LFL
Organicchange
Inc. petrol Ex. petrol France
10,168 +0.9% +1.1% +3.3%
+5.5% Hypermarkets 5,220 +0.5% +0.7% -1.0%
+0.4% Supermarkets 3,341 +1.2% +1.0% -0.4% +1.0% Convenience and
other formats 1,607 +2.1% +2.5% +31.4% +37.7%
In the second quarter, France recorded total growth ex
petrol of +5.5% (including the DIA stores). Organic growth was
solid at +1.1% on a strong 2014 comparable base, which itself came
on top of 2013 numbers that had returned to positive territory.
In the quarter, petrol prices had an unfavorable impact of 2.2%.
The calendar effect is estimated at -0.2%.
Organic sales at hypermarkets were up by +0.7% and LFL
sales were up +0.5%. Food sales continued to grow.
Sales at supermarkets were up +1.0% on an organic basis.
LFL sales were up +1.2%.
Organic sales in convenience and other formats continued
to grow, increasing by +2.5%.
International
Sales inc. VAT (€m) Ex
petrol, ex calendar Total
LFL
Organicchange
Inc. petrol Ex.petrol International
11,202 +2.3% +3.8% +5.0%
+5.6% Other European countries 5,366 -0.4%
-0.2% +0.7% +1.3% Latin America 4,089 +10.7% +14.6% +7.8%
+8.4% Asia 1,746 -9.2% -8.6% +13.0% +13.0%
Organic sales in international markets were up by +3.8%
(+2.3% LFL). The calendar effect was -0.4% in the quarter and the
currency effect was +1.2%.
Organic sales in Other European countries were broadly
stable (-0.2%).
LFL sales in Spain posted a strong performance, with
sales accelerating, growing by +2.8% in the second quarter. LFL
sales in Italy were down by 5.0% on a challenging comparable
base, marked by a big promotional campaign linked to the football
world cup in the second quarter of 2014. LFL sales in
Belgium were stable on an equally strong comparable base in
2014. LFL sales were down in Poland. LFL sales continued to
grow in Romania despite a three percentage point impact from
the strong drop in VAT on food products beginning June 1st.
Organic sales in Latin America were up by +14.6%. The
currency impact was a negative -5.8% linked to the unfavorable
evolution of the Brazilian Real versus the euro, partly offset by
the positive evolution of the Argentine Peso.
In Brazil, organic sales were up by +11.4% (+7.1% LFL) on
an already strong comparable base of +10.0% in the second quarter
of 2014. All formats continued to grow. Organic sales in
Argentina were up by +25.9%, of which +23.1% LFL.
In Asia, total sales were up +13.0%, including a positive
currency effect. Organic sales were down 8.6%.
In China, in a slowing consumption environment, sales
were down 11.4% on an organic basis and 12.3% LFL. We are
continuing the roll-out of our action plan in the country. In
Taiwan, sales grew for the second consecutive quarter, both
LFL and on an organic basis (+2.1% and +1.4% respectively).
Variation of 2015 first-half sales inc. VAT
Change at
currentexchange rates inc.petrol
Change
atconstantexchangerates
inc.petrol
LFLinc. petrol
LFLex calendarex
petrol
France +3.1% +3.1% -0.6%
+1.7% Hypermarkets -0.6% -0.6% -0.8%
+1.3% Supermarkets -1,4% -1.4% -1.0% +1.8%
International
+6.7% +4.1% +2.2%
+2.2%
Other European countries +1.4%
+1.3% -0.2% +0.2% Spain -0.5%
-0.5% +0.3% +1.6% Italy +3.5% +3.5% -2.9% -3.1% Belgium -0.4% -0.4%
+1.0% +1.0%
Latin America +13.0% +14.9%
+11.5% +11.5% Brazil +6.2% +11.8% +8.0% +7.8%
Asia
+9.3% -9.1% -9.8%
-10.4% China +6.7% -11.7% -12.6% -13.3%
Group total +5.0%
+3.7% +0.9% +2.0%
Variation of 2015 second quarter sales inc. VAT
Change at current
exchange rates inc. petrol
Change at constant
exchange rates inc. petrol
LFLinc. petrol
LFLex calendarex
petrol
France +3.3% +3.3% -0.6%
+0.9% Hypermarkets -1.0% -1.0% -1.3%
+0.5%
Supermarkets
-0.4% -0.4% 0.0% +1.2%
International +5.0% +3.8%
+1.8% +2.3%
Other European countries
+0.7% +0.5% -0.9%
-0.4% Spain +0.2% +0.2% +1.6% +2.8% Italy +0.9% +0.9% -5.3%
-5.0% Belgium -0.6% -0.6% +0.1% 0.0%
Latin America +7.8%
+13.6% +10.1% +10.7%
Brazil -0.4% +10.7% +6.9% +7.1%
Asia +13.0% -8.6%
-9.1% -9.2% China +10.2% -11.5% -12.4%
-12.3%
Group total +4.2% +3.6%
+0.7% +1.7%
EXPANSION UNDER BANNERS – Q2 2015
In Q2 2015, Carrefour opened or acquired 221,000 gross sq. m.
Net of disposals and closures, the network added 120,000 sq. m in
Q2 2015. Since the beginning of the year, the network has added
783,000 gross sq. m (627,000 net sq. m).
Thousands of sq. m
Dec 31, 2014
March 31, 20151
Openings/Storeenlargements
Acquisitions
Closures/
Storereductions
Total Q2 2015 change
June 30, 2015
France 5,189 5,649 22
(1) (9) 13
5,662 Europe (ex France) 5,753 5,783 100 2 (34) 69 5,852 Latin
America 2,173 2,176 33 33 2,209 Asia 2,757 2,760 34 (59) (25) 2,735
Others2 761 771 30
30
802
Group 16,633
17,140 219 2
(101) 120
17,260
STORE NETWORK UNDER BANNERS – Q2 2015
In Q2 2015, Carrefour opened or acquired 354 stores. Net of
disposals or closures, the network added 225 stores in Q2 2015,
bringing the total network to 11,910 stores at the end of June.
No of stores
Dec 31, 2014
March 31, 20151
Openings
Acquisitions
Closures/Disposals
Transfers
Total Q2 2015 change
June 30,2015 Hypermarkets
1,459 1,452
17 (8)
9 1,461
France 237 242
242
Europe (ex France) 489 476 3 3 479 Latin America 291 291 5 5 296
Asia 375 375 5 (8) (3) 372
Others2
67 68 4
4
72
Supermarkets 3,115
3,139 94
(24) 1
71 3,210 France 960 960 2 1 3
963 Europe (ex France) 1,819 1,837 81 (24) 57 1,894
Latin America
169 170 170 Asia 19 20 2 2 22 Others2 148
152 9
9 161
Convenience 6,111
6,919 207 36
(95) (1)
147 7,066 France 3,673 4,317 64 (47)
(1) 16 4,333 Europe (ex France) 2,035 2,194 136 36 (46) 126 2,320
Latin America 370 373 3 (2) 1 374 Asia - - 2 2 2 Others2
33 35 2
2
37
Cash & carry 175
175
(2) (2)
173 France 143 143 (1) (1) 142 Europe (ex
France) 19 19 (1) (1) 18 Others2 13 13
13
Group 10,860
11,685 318 36
(129)
225 11,910 France 5,013 5,662 66 (48)
18 5,680 Europe (ex France) 4,362 4,526 220 36 (71) 185 4,711 Latin
America 830 834 8 (2) 6 840 Asia 394 395 9 (8) 1 396 Others2
261 268 15
15
283
1 Restated for Dia stores which have been sold or are in the
process of being sold2 Maghreb, Middle East-Orient 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 storeclosures, at constant
exchange rates.
Sales under banners: Total sales under banners including
sales by franchisees and international partnerships.
Note: LFL and organic growth numbers are presented ex calendar
and ex petrol.
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version on businesswire.com: http://www.businesswire.com/news/home/20150715006688/en/
CarrefourInvestor 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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