SOURCE: Carrefour SA

July 10, 2007 13:07 ET

Carrefour announces 2007 Second Quarter sales

Paris, France--(Marketwire - July 10, 2007) -

                                                          July 10th 2007

                        SECOND QUARTER 2007 SALES

   Group sales + 5.9% on both constant and current exchange rates

-  Q2 sales show again good progress across the group

   -   Further sales momentum, taking into account a demanding base for
       comparison (+8.5% on constant exchange rates in Q2 2006), and a  further 
        negative impact from petrol (0.9% at Group level)

-  France: in a deflationary price environment, hypermarkets and
   supermarkets grow like for like sales ex petrol 1.8% and 0.6% respectively

   -  Hypermarkets recorded solid growth in food (+2.2% on a like for like
      basis), driven by volume growth. Sales in non-food have improved (like for 
      like of +0.9%)

   -  Our commitment to local price leadership has meant strong deflation in the 

   -  Against this background, the group has consolidated the market share
      gains it made in 2006

-  Spain continues to lead other core markets

   -  In Spain, like for likes increased by 2.7%, reflecting the successful
      roll out of our multi-format, single brand, strategy

   -  Sales trends in Italy improved versus recent quarters as a result of
      a better adapted promotional model. We continue to focus on the 
      strengthening of the commercial model in Belgium

-  Growth markets* again perform strongly

   -  All regions contributed to 21% sales growth on constant exchange rates

-  New m2 focused on Growth markets

   -  In Q2, we opened or acquired 460,000m(2), of which 80% outside our
      core European markets

   -  Tactical acquisitions accounted for 1.8% growth, of which Atacadao
      (Brazil) accounted for 1.4%

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