Carrefour : Q3 2019 sales: sequential slowdown in line with expectations. Consensus expectations deemed “consistent†by the group
>Q3 2019 sales: sequential slowdown in line with expectations. - Q3 2019 sales: € 20.2bn (before IAS 29), +0.7% reported, in line with our expectations and those of the consensus. Organic: +2.2% vs +1.8%e, reflecting a slowdown vs Q2 2019 (+3.2%). LFL +2.3% vs +3.4% in Q2 2019, but in line with our estimate of +1.9%e. As expected, the group is penalised by demanding comparative bases (Q3 2018) notably in France (+1.6%), where the summer of 2018 had benefited from the ...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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