Carrefour Q3 sales lifted by strong growth in Latin America

The Carrefour Group posted sales of 21,781 million euros (23,910 million dollars) in the third quarter of 2016.Over the first nine months, the Group posted sales of 62,333 million euros (68,435 million dollars).

In the third quarter, the company said, France posted positive like-for-like sales in a persistently difficult environment. Also in Latin America, like-for-like sales were up by 14.2 percent or 17 percent on an organic basis.

Sales in international markets witness a rise

Sales in international activities rose by 4.5 percent on a like-for-like basis and by 6.5 percent ex-petrol at constant exchange rates. In other European countries, like-for-like sales were up by 1 percent. In Spain, like-for-like sales rose 1 percent and 2.2 percent in Italy. In Belgium, like-for-like sales were stable but slightly down in Poland but up in Romania.

In Brazil, like-for-like sales grew by 12.4 percent or 16.2 percent on an organic basis. Like-for-like sales in Argentina grew by 18 percent but were down 5 percent in Asia. China like-for-like sales were down by 7.8 percent, Taiwan saw an improvement of 3.3 percent.

Like-for-like sales in international activities were up by 5 percent over nine months and up 1.8 percent in other European countries. Latin America continued to post strong like-for-like growth, at 14.4 percent but in Asia, the sales were down 5.2 percent.

Sales in international activities rose by 4.5 percent on a like-for-like basis and by 6.5 percent ex-petrol at constant exchange rates. In other European countries, like-for-like sales were up by 1 percent. In Spain, like-for-like sales rose 1 percent and 2.2 percent in Italy. In Belgium, like-for-like sales were stable but slightly down in Poland but up in Romania.

In Latin America, like-for-like sales were up by 14.2 percent or 17 percent on an organic basis. In Brazil, like-for-like sales grew by 12.4 percent or 16.2 percent on an organic basis. Like-for-like sales in Argentina grew by 18 percent but were down 5 percent in Asia. China like-for-like sales were down by 7.8 percent, Taiwan saw an improvement of 3.3 percent.

Like-for-like sales in international activities were up by 5 percent over nine months and up 1.8 percent in other European countries. Latin America continued to post strong like-for-like growth, at 14.4 percent but in Asia, the sales were down 5.2 percent.