Report
Geoffroy Michalet

Carrefour : Carrefour added to ODDO BHF List of European Large Caps

>Investment case - Carrefour has recently suffered negative newsflow regarding Brazil, but we do not think that this fundamentally affects the group’s operational trajectory in the medium term. Moreover, the questions on the use of cash and the weakness of the SBB have fuelled speculation. For our part, we think that the group is on a good operational trajectory, particularly in France and the majority of European countries, where is boasts a number of options for the...
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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