Carrefour : Q4 2018 sales: “yellow vest†impact limited in the end - we are confident on EBIT thanks to Brazil
>Q4 2018 sales: +1.5%e in organic terms - “yellow vest†impact of -0.4%e - Carrefour will report its Q4 2018 sales on Tuesday 22 January after the close. Not surprisingly, Q4 will be affected by the “yellow vest†protests which have impacted the retail sector in France since mid-November. In consolidated terms, we forecast consolidated sales of € 22.65bn, -2.9% on a reported basis with a forex impact of -5%. We expect quarterly growth of +1.5%e in organic terms and +...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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