Carrefour : Small sequential improvement expected in Q3 2018 sales, but markets still difficult (disappointing back to school in Europe)
>Q3 2018 sales: sequential improvement on low comparison base - Carrefour is due to publish its Q3 2018 sales on 17 October after the market close. We forecast consolidated sales of € 21.1bn, -3.5% on a reported basis with a forex impact of -5.5%e. On an organic basis (excluding petrol and the calendar effect), the group should be able to post +2%e (vs +1.4% in Q2), o/w +1.6% est. l-f-l (vs +0.9% in Q2). It will enjoy a low comparison base (+1% organic in Q3 2017 o/w ...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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