Carrefour : Q1 2020 sales in line. The lockdown will be more challenging for hypermarkets in Q2, but the group is in line with its budget
>Q1 2020 sales: +7.8% l-f-l, slightly higher than expected with a COVID-19 impact of 3.5%e, slightly lower than we expected - Carrefour’s consolidated sales in Q1 2020 came to € 19,445m, +3.3% on a reported basis vs +3% forecast. Organic growth came to +8% in the quarter (vs +7.3%e) and l-f-l growth to 7.8% (vs +7% expected by ODDO BHF and +6% for the consensus). Strong l-f-l growth in food sales (+9.9%) and e-commerce (+45%) but a -3.5% l-f-l fall in non-food (penali...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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