Carrefour (EPA:CA)

QUOTE AND NEWS
newratings.com  9 hrs ago  Comment 
EVRY (dpa-AFX) - French retailer Carrefour Group said Thursday that its net income, group share, for the first-half of 2014 fell 51.1% to ¤441 million from ¤902 million, as restated, in the same period last year. Income from continuing...
Wall Street Journal  Jul 17  Comment 
French retail giant Carrefour said second-quarter sales inched up 0.3%, adding fuel to a recovery in its European supercenters.
newratings.com  Jul 17  Comment 
TechCrunch  Jul 15  Comment 
 Conventional wisdom has it that Tok Tok Tok is an idea that can’t work. In a few taps, you can order anything you want in Paris, but it will cost you between €5 or €10 depending on where you are. So why would you order a fine burger from...
The Hindu Business Line  Jul 9  Comment 
Failure to find a local partner and mounting losses key reasons
BBC News  Jul 8  Comment 
Carrefour, one the world's largest retail chains, is shutting its India business less than four years after it opened its first store in the country.
Reuters  Jul 7  Comment 
French retail giant Carrefour said on Monday it was closing its five stores in India, pulling out the country's vast retail market.
Wall Street Journal  Jul 7  Comment 
French retailer Carrefour SA said it would exit the Indian market as the group continues its effort to focus on key strategic markets.
newratings.com  Jul 7  Comment 




 
TOP CONTRIBUTORS
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Carrefour is the No. 1 distribution group in Europe and No. 2 in the world. Net sales by type of store break down as follows:

hypermarkets (61.9%): at the end of 2008, owns 1,302 stores under the Carrefour name;
supermarkets (21.6%): owns 3,000 stores under the Champion, Norte, GS, GB, Globi and Gima names;
maxi-discount stores (11.1%): owns 6,252 stores under the Ed, Dia and Minipreço names;
other (5.4%): operates a network of 4,942 local stores (Shopi, Marché Plus, Huit à 8, GB Express, Contact GB, 5' Marinopoulos, Di per Di, Smile Market names) and wholesale stores (Promocash, Docks Market, and Grossiper), as well as e-commerce sites (Ooshop and Boostore).

At the end of 2008, the group had 8,006 company-owned stores located in France (1,644), Europe (4,685), America (1,053) and Asia (624).

Net sales are distributed geographically as follows: France (43.7%), Europe (37.3%), Americas (12%) and Asia (7%).

Source
COFISEM - Last update: 01/09/09

Key figures

Millenium 2008 2007 2006
Revenue* 86,967,000 82,148,000 77,901,000
Operating profit* 2,776,000 3,338,000 3,274,000
Net profit 1,539,000 2,479,000 2,432,000
Shareholder's equity 10,952,000 11,770,000 10,503,000
Total assets 52,082,000 51,932,000 47,533,000
Fiscal year end 12.08 12.07 12.06
Length of fiscal year (months) 12 12 12
Currency & Unit EUR - THOUSANDS EUR - THOUSANDS EUR - THOUSANDS
Account standards IFRS IFRS IFRS
  • Source: COFISEM - Last update: 01/09/09

Shareholders

Blue Capital 10.69 %
Company-owned shares 2.74 %
Blue Partners 2.15 %
Colony Blue Investor 2.15 %
Employees 1.05 %
Groupe Arnault 0.71 %
  • Source: COFISEM - Last update: 01/09/09

Top management

Chief Executive Officer Lars Olofsson
Chairman of the Board Amaury-Daniel de Sèze
Chief Financial Officer Pierre Bouchut
Investor Relations Rémy Dumoulin
Investor Relations Alessandra Girolami
Financial Communication Rémy Dumoulin
  • Source: COFISEM - Last update: 01/09/09

Top Competitors

  • Groupe Auchan S.A.
  • Casino, Guichard-Perrachon
  • Groupements d'Achats des Centres E.Leclerc

2009 Revenue fell 1.6

The company, second only to U.S.-based Wal-Mart Stores Inc. among the world's biggest retailers, said it made the net loss in the six months through June, compared to a net profit of euro744 million a year earlier.

Revenue fell 1.6 percent in the first half to euro41.27 billion ($58.88 billion).

New CEO Lars Olofsson, appointed last year to improve performance, said Carrefour is operating in a challenging environment, but that sales were resilient, and the company is on track to meet its 2009 targets.

Carrefour is targeting full-year operating profit of up to euro2.8 billion ($4 billion) if current sales trends continue. In the first half, operating profit -- what Carrefour calls activity contribution -- fell 28 percent to euro1 billion ($1.43 billion).

Results from July and August showed no change in the economic environment, Chief Financial Officer Pierre Bouchut said on a conference call.

In the first half, Carrefour said it gained market share in France, which accounts for about 40 percent of sales, even through revenue fell by 3.6 percent there.

The world's No. 2 retailer plans to spend euro600 million ($856 million) this year on promotions and other discounting to build market share. Olofsson has said his priority is to improve performance in France, where it launched a new low-cost range of products called Carrefour Discount this year.

Carrefour booked euro511 million ($730 million) in charges in the first half, including euro60 million ($85 million) in restructuring charges and a euro400 million ($570 million) impairment charge after adjusting for the market value of Italian company Finiper, in which Carrefour owns a 20 percent stake and which it may be forced to buy under a put option.

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