Carrefour : Carrefour appears to be in a position to deliver a satisfactory financial performance in a difficult context, which is not reflected in its discount
>The French hypermarkets back in positive territory - Hard hit during the lockdown period (sales -8.5%e according to Neilsen, of which -11.4%e for those of over 7,500m2, corresponding to Carrefour’s network), the hypermarkets in France have returned to growth since 11 May (+4.3% est. for the past five weeks, of which +1% est. for the biggest hypermarkets). Based on Neilsen’s data, which reveals market growth of 5.5% for Q2 2020, we estimate that food sales at Carrefo...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.
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.
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