Carrefour : Encouraging interims notably in France. The balance between productivity gains and investments is beginning to even out
>H1 2019 results in line with expectations with a stronger-than-expected performance from France and a good Q2 on the commercial front - For sales of € 38,793m incl. VAT, +3.5% LFL (one point above our interim expectations given a good performance in Q2 of 3.9% LFL), the group posted underlying EBIT of € 618m, +2.7% reported and +4.5% on an organic basis, 2.2% ahead of our expectations at € 605m (consensus FactSet € 622m). France: exceeded estimates. Sales of +0....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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