Carrefour (EPA:CA)

QUOTE AND NEWS
SeekingAlpha  Oct 16  Comment 
By SA Transcripts: Carrefour S.A. ADR (OTCPK:CRRFY) Q3 2014 Earnings Conference Call October 16, 2014 02:30 ET Executives Pierre-Jean Sivignon - CFO Analyst Edouard Aubin - Morgan Stanley Cedric Lecasble - Raymond James ...
newratings.com  Oct 16  Comment 
EVRY (dpa-AFX) - French grocery retailer Carrefour Group (CRERF.PK, CRRFY.PK) Thursday said its third-quarter organic sales grew 2.8 percent, with further sales growth in France and strong performance internationally, particularly in Brazil and...
Wall Street Journal  Oct 16  Comment 
French supermarket giant Carrefour said third-quarter sales slipped 0.1% because of weaker currencies in Latin America and lower fuel prices in France.
SeekingAlpha  Oct 9  Comment 
By Walter Hin: I did an article earlier this year on Tesco (OTCPK:TSCDF), and in it I predicted Tesco's stock could fall another 20%-30% from the (then) current price of $5.02, based on strong competition from Aldi and Lidl. Now Tesco's stock...
newratings.com  Sep 25  Comment 
EVRY (dpa-AFX) - Unibail-Rodamco SE, (UNBLF.PK), a French commercial property operator, investor and developer, Wednesday said it has signed a definitive agreement with Carmila, affiliated to French grocery retailer Carrefour Group (CRERF.PK,...
newratings.com  Jul 31  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 




 
TOP CONTRIBUTORS

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.
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  • 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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