SOURCE: Carrefour SA

January 11, 2007 13:01 ET

Carrefour SA announces Full Year 2006 Sales

Paris, France -- (MARKET WIRE) -- January 11, 2007 --

                           2006 Full Year Sales

               Carrefour meets its 2006 sales growth target
    Sales inc. VAT + 6.3% on constant exchange rates (vs. 4.3% in 2005)

Consolidation of growth in France resulting from a determined customer strategy:

 - Cumulatively to December 3rd*, the Group gained 0.5% food market
   share in 2006, all formats included.

 - Like-for-like sales, excluding petrol, grew 1.6% and 2.9% respectively 
   in hypermarkets and supermarkets, mainly resulting from food volume
   growth. Total sales in France were up 4.4%.

Sustained growth outside France: sales up 8.1% on constant exchange rates

 - The Group's engines for growth recorded strong performances, notably
   China, Greece, Poland, Spain, Colombia, Argentina and Indonesia

 - These good performances have more than offset a difficult year in 
   Italy and Taiwan.

The acceleration in organic growth is bearing fruit:

 - New square meters contributed to 5.1% of total growth in 2006

 - The rate of openings has strengthened, with 103 new hypermarkets, of
   which 87 were opened organically.

 - Overall, we have added this year close to 1000 additional stores and
   1.4 million new m(2), of which 90% were opened organically (+20%
   compared to 2005)

                                                         FULL YEAR 2006

             Sales    Like for  Expansion    Total     
             Incl.    like                     Ex.
             VAT                            Currency   Currencies  Total
             (m Euro)       (%)        (%)        (%)         (%)    (%)
FRANCE         41,675      1.4        3.1        4.4         0.0    4.4
ex France      33,221      0.4        6.3        6.7        -0.4    6.2
LATIN AMERICA   7,109      5.5        6.5       12.0         4.3   16.3
ASIA            5,417     -0.9       13.7       12.8         1.7   14.5

TOTAL          87,422      1.2        5.1        6.3         0.3    6.6

We confirm our Activity Contribution growth target for 2006:

- In line with the Group's profitable growth strategy, Activity contribution will grow in 2006, driven by top line growth. This increase will be, as anticipated, slower than sales.

We stand by our key convictions:

- Non-negotiable price competitiveness remains at the heart of our strategy. Beyond pricing, we build a wider and stronger offer to better respond to our customers' needs.

- Our more flexible multi-format strategy enables us to accelerate the rate of openings, and to improve the scope of each banner.

- We are leading a consistent international strategy aiming at focusing our efforts on the markets where the Group builds and strenghtens leading positions.

* Source: TNS Secodip

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