Carrefour : Q3: France and Europe still under pressure
> Q3 sales somewhat weak in France and Europe - Yesterday evening, Carrefour published its sales figures for Q3 2024. Although the consolidated l-f-l growth appears in line with forecasts at 8.8% (vs ODDO BHF 8.7%e, css complied by the company 8.6%, and 7.3% according to the VA css), the reality by division is far more mixed and less rosy in our view, with the France and other Europe divisions below forecasts. Technical effects came to -0.2%, -1.2% and -11.4% for th...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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