Report
Geoffroy Michalet

Carrefour : Preview T3 : précisions sur le LFL France, attente relevée, sans impact sur la topline ni sur la marge (transfert du LFL Cora+Match sur l’effet périmètre).

>Nous enlevons l’effet LFL de Cora+Match du LFL France (transféré sur l’effet périmètre) ce qui nous amène à relever notre attente LFL France. - Nous revoyons notre estimation de LFL pour la France pour Carrefour. Ce changement impacte uniquement notre attente de LFL publié, mais ne change ni le CA global (effet vase communiquant entre LFL et effet M&A), ni notre attente de marge.Nous tablions sur -3.9%e, nous passons à -2.9%e désormais (CSS compilé par la sociét...
Underlying
Carrefour SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Geoffroy Michalet

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