Carrefour : In line for 2022, France very strong, Europe a bit less so, 2023 guidance for unquantified growth in the main KPIs
>Good level of results in 2022, in line - Carrefour reported its annual results yesterday evening, which were in line with the consensus. Sales including VAT came to € 25.4bn in Q4, up 18.0% reported with 10.9% l-f-l, slightly above our expectations (9.8%e) and the Visible Alpha consensus (9.3%) and showing a slight sequential deceleration relative to Q3 (11.3%). Technical effects came to 0.0%, 0.5% and 1.9% for the calendar, fuel, and FX effects. ROI came to € 2,377...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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