SOURCE: Carrefour

October 11, 2006 12:32 ET

Carrefour announces Third Quarter 2006 Sales

Paris, France -- (MARKET WIRE) -- October 11, 2006 --

 

                      THIRD QUARTER 2006 SALES

                  Continued growth in group sales
                 + 7.3% on constant exchange rates

     
*    Consolidation of trends in France, sales up 5.3%

-    Excluding petrol, sales in France grew 7.0%

-    All formats grew like for like sales. Ex-petrol, 
     hypermarket and supermarket sales were up 3.6% and
     4.7% respectively, hard discount +1.7% and 
     convenience +2.8%

-    Growth was underpinned by growth in food volumes in 
     both hypermarkets and supermarkets and by a better 
     performance from non-food

-    The Group won 0.3% food market share in France in 
     the period *

*    Accelerating growth in Europe ex-France, sales up 8.4% 
     on constant exchange rates

-    The acceleration is underpinned by a 2.9% like-for-like 
     sales growth, mainly driven by a solid performance in 
     Spain in all activities, and by Belgium, which shows 
     the first signs of improvement across all formats

-    Italy recorded a slight improvement in like for likes 
     thanks to a robust performance from supermarkets and 
     convenience stores. Hypermarket trends were in line with
     those of the Second Quarter.

-    Other European countries have maintained the positive 
     trends recorded in the First Half

*    Growth in Latin America and Asia, sales up 9.9% and 
     14.0% respectively on constant exchange rates

-    New engines for growth - for example Colombia, Indonesia
     and China - continued to show strong growth

-    These trends were mitigated by Brazil, where we see 
     strong deflation, and Taiwan, which has been impacted by
     a tightening of consumer credit and by cannibalisation

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