Carrefour : Message of confidence for 2020, but with no quantified commitments
>2019 results: in line with expectations - On sales up 3.1% on an organic basis, consolidated EBIT (before IAS 29 and IFRS 16) is in line with the guidance given by the group when reporting its Q4 2019 sales in January, i.e. € 2,080m, +7.4% organic (margin +13bp to 2.87%). Adjusted net income (before IFRS 16) of € 905m, +13%.EBIT by country: France: in line with our expectations at +15.7% (€ 539m, margin +24bp to 1.55%).Europe: nice surprise (€ 647m, on...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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