Report

Carrefour : Ventes du T4 supérieures aux attentes. Ebit 2018 de 1 930 M€ (3% au-dessus du consensus). Nous actons le début de la recovery

>Ventes du T4 2018 : +1.9% en LFL, soit 70bp de plus qu’attendus - Les ventes consolidés TTC de Carrefour se sont établies à 22.6 Md€ au T4 2018 (hors IAS 29), -2.3% en déclaré, mais +2% en organique et +1.9% en LFL vs +1.2% estimés en LFL (consensus +1% seulement). En dépit des « Gilets Jaunes » en France, la dynamique du T4 a été identique à celle du T3 (+2.1% en organique), déjà en sensible amélioration séquentielle par rapport au S1 2018 (+1% seulement en organiqu...
Underlying
Carrefour SA

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.

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Oddo BHF
Oddo BHF

​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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