Carrefour : Preview of Q1 2019 sales: satisfactory for food, challenging for non-food
>Decent Q1 2019 with support from LatAm – France flat LFL - Carrefour is due to report its Q1 2019 sales on Wednesday 24 April after market. We forecast consolidated sales of € 20bn including VAT, -3% on a reported basis with a forex impact of -3.3%, a calendar impact of -1.6% and a petrol impact of -0.5%. The organic (+2% est. vs +1.4% in Q4 2018) and LFL (+1.7% est. vs +1.1% in Q4 2018) performances should be decent despite the still-marked competition and the gene...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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