Carrefour : Favourable momentum anticipated for Q1 2023 despite more significant trading down in Europe, no sharp decline in volumes
>Q1 2023 sales: 10.6%e l-f-l vs 10.9 in Q4 2022 - Carrefour is due to publish its results on Tuesday 25 April after market close. We forecast Q1 sales growth of 10.6% l-f-l which should reveal a slight sequential decline vs Q4 (+10.9% l-f-l). Forex is set to be negative at -2.4%e with a less significant BRL effect of +6.4%e vs 25.9% in Q4 2022, petrol at (-1.1%e) and the calendar effect at (0.8%e).France: 7.0% l-f-l vs 5.5% in Q4 2022 - According to N...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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