Report
Geoffroy Michalet

Carrefour : Bonne dynamique attendue sur T1 2023 malgré un trading down plus significatif en Europe, les volumes ne s’effondrent pas

>Ventes du T1 2023 : 10.6%e en LFL vs 10.9 au T4 2022 - Carrefour publiera son CA T1 le mardi 25/04 après bourse. Nous tablons sur un CA T1 en hausse de 10.6% en LFL qui devrait sortir en légère décélération séquentielle par rapport au T4 (+10.9% en LFL). Le FX devrait être négatif de 2.4%e avec un effet BRL moins significatif de +6.4%e vs 25.9% au T4 2022, l’essence de (-1.1%e) et l’effet calendaire de (0.8%e).France : 7.0% en LFL vs 5.5% au T4 2022 - §se...
Underlying
Carrefour SA

Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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