Carrefour : First-half earnings tricky to forecast: excluding bonuses, EBIT growth should be satisfactory (+16.5%e organic) – expected to be stable after bonuses
>Q2 2020e sales: +4.9%e l-f-l consolidated against the backdrop of the pandemic - Carrefour will report its Q2 2020 and H1 2020 results on Tuesday 28 July (after the market).Q2 sales will bear the imprint of the COVID-19 pandemic and the lockdowns that affected all of the regions where the group is active. We expect sales at constant currencies of € 18.5bn, -7.1%e on a reported basis including a currency effect of -6.7%e and a fuel impact of -5%e (strong fall in ...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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