Carrefour : Food inflation slows further in Europe, margin shrinks, hit by specific forex effect in Argentina.
>Q4 2023: 10% est LfL vs 9% in Q3. ROI at € 2.3bn, margin at 2.7% down 20bp - Carrefour is due to publish its Q4 sales on Tuesday 20 February after market close. We expect these sales to be in line with the trends seen in Q3 on the back of top line momentum, amid further slowdown in food inflation in Europe and persistent pressure on volumes (marginally negative on food and even stronger on non-food, high single digit). We expect sales to be up 10% LfL in Q4 (vs. 9% ...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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