Carrefour (EPA:CA)

QUOTE AND NEWS
newratings.com  Jul 16  Comment 
EVRY (dpa-AFX) - French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) reported Thursday increased sales for the second quarter, particularly boosted by sales growth in Asia and Latin America. Consolidated sales for the quarter grew 4.2...
newratings.com  Jul 16  Comment 
Wall Street Journal  Jul 16  Comment 
French retailer Carrefour said a strong showing in Latin America helped compensate for slowing growth in its core French market and weak consumption in China.
Benzinga  Jul 6  Comment 
CGI (NYSE: GIB) (TSX: GIB.A) today announced the signing of a five-year contract with Carrefour. The new agreement is an extension of a partnership that was formed in 2007. Under the contract, CGI will be responsible for the maintenance and...
guardian.co.uk  Jun 29  Comment 
Hopes for news of tie-up help lift online grocer’s shares in falling market Ahead of a trading update on Tuesday, online grocer Ocado has been lifted by hopes it will finally make some progress in striking an international deal. The company -...
newratings.com  Jun 11  Comment 
EVRY (dpa-AFX) - French multinational retailer Carrefour S.A. (CRERF.PK, CRRFY.PK, 0NPH.L) said Thursday its Board of Directors have extended the term of Chairman and Chief Executive Officer Georges Plassat by three years. At today's General...
Wall Street Journal  Apr 10  Comment 
French retailer Carrefour said first-quarter sales grew, as a strong performance in Latin America helped counter the impact of lower fuel prices on its French figures and persistent difficulties in Asia.
Forbes  Apr 10  Comment 
The deal could lead to the retail baron eventually taking control of the French retailer.
Reuters  Apr 9  Comment 
Brazilian tycoon Abilio Diniz is in talks to raise his 5.07 percent stake in Carrefour SA and has the support of major shareholders to take a board seat in the...
Reuters  Mar 19  Comment 
Carrefour is preparing to return to Algeria after a six-year absence, as part of a drive to tap booming consumer demand in Africa.




 
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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