VERY GOOD PERFORMANCE
+3.3% in the full year and +3.5% in Q4 (ex
petrol)
Regulatory News:
Carrefour (Paris:CA):
Fifth consecutive year of like-for-like sales growth and the
best yearly performance over the period, at +3.0%:
- Relevance of our multi-format model,
increasing strength of our omni-channel approach
- Good performance in food in all
countries
Solid performance in Q4 2016: €23.4bn, +2.9%
like-for-like
- International: Strong sales
growth, +4.5% like-for-like
- Excellent momentum in Europe with
growth in all countries
- Continued strong growth in Latin
America
- Further sequential improvement in
Asia
- France: Good like-for-like growth,
at +0.7%
- Solid performance demonstrating the
relevance of our omnichannel strategy
- Very good momentum in food sales
- Completion of the conversion to
Carrefour banners of Dia stores
Fourth quarter 2016 Full-year
2016
Sales inc. VAT(€m)
LFL ex petroland
excalendar
Total growthex petrol
atconstant exch.rates
Sales inc. VAT(€m)
LFL ex petroland
excalendar
Total growth expetrol
atconstant exch.rates
International 12,606 +4.5%
+6.6% 45,574 +4.9%
+6.3% France 10,761 +0.7%
-0.3% 40,126 +0.3% -0.5%
Group
23,366 +2.9%
+3.5% 85,700 +3.0%
+3.3%
Total sales under banners including petrol stood at €27.9bn in
Q4 2016 and at €103.7bn in the full year, up respectively by 3.7%
and 2.1% at constant exchange rates.
In the fourth quarter, currencies and petrol both returned to
positive territory and each had favorable impacts of 0.3%; the
calendar effect had an unfavorable impact of 0.1%. In full-year
2016, currencies and petrol prices had adverse impacts of 3.4% and
0.6% respectively, and the calendar effect was +0.1%.
GOOD PERFORMANCE IN FULL-YEAR 2016
FIFTH CONSECUTIVE YEAR OF SALES GROWTH
Sales inc. VAT (€m)
LFL ex petroland
excalendar
Total growthex petrol
atconstantexch. rates
International 45,574
+4.9% +6.3% Other European Countries 22,439
+2.0% +2.3% Latin America 16,254 +13.5% +16.8% Asia 6,881
-5.0% -4.1%
France 40,126 +0.3%
-0.5%
Carrefour posted a strong performance in 2016, with total sales
of €85.7bn, up 3.3% ex petrol at constant exchange rates. Sales
were up both in Europe and in the rest of the world, attesting to
the relevance of Carrefour’s predominantly food-based multi-format
model. Full-year 2016 was marked by excellent performance in food
and the Group’s omni-channel evolution.
Sales in our international activities were up +4.9% LFL
in the full year. They were up +2.0% in Other European Countries.
Each country contributed to this growth. Latin America continued
its strong momentum and recorded strong growth of +13.5% LFL.
Trends in Asia improved.
In 2016, Carrefour continued rolling out its multi-format model,
accelerating openings of convenience stores, notably in Brazil,
Spain, Poland and China. The group also continued its strategy of
tactical acquisitions, in Romania with Billa and in Spain with
selected Eroski stores.
In the full year, France posted LFL sales growth of +0.3%
in a challenging environment. This increase illustrates the
attractiveness of our stores and the strength of our multi-format
model. Indeed, shoppers using several Carrefour formats already
represented half of the total client base and two-thirds of our
sales. In addition, the omni-channel approach gained momentum:
Gross Merchandise Value of our food and non-food e-commerce
activities stood at above €1 billion.
SOLID FOURTH QUARTER 2016 PERFORMANCE
Sales inc. VAT (€m)
LFL ex petroland
excalendar
Total growthex petrol
atconstantexch. rates
International 12,606
+4.5% +6.6% Other European Countries 6,296
+2.5% +3.9% Latin America 4,788 +10.8% +14.3% Asia 1,522
-4.2% -2.3%
France 10,761 +0.7%
-0.3%
Carrefour posted a very good performance in the fourth quarter
of 2016, with sales of €23.4bn, up 3.5% ex petrol at constant
exchange rates.
Sales of our international activities were up +4.5% on a
like-for-like basis and up +6.6% ex petrol at constant exchange
rates.
In Other European countries, LFL sales were up +2.5%.
Every country posted growth:
- Spain, Carrefour’s third-biggest
market, maintained its momentum with LFL sales up +4.1% in Q4.
- In Belgium and Italy, LFL
sales rose slightly.
- LFL sales in Romania and in
Poland posted solid growth.
In Latin America, LFL sales continued to grow by +10.8%
on the back of already strong comparables. The currency effect was
positive at +3.2%:
- In Brazil, LFL sales continued
to grow strongly, increasing by +9.0%.
- LFL sales in Argentina rose by
+15.1%.
In Asia, LFL sales were down 4.2%:
- China posted another sequential
improvement in LFL sales, which were down 5.4%.
- In Taiwan, sales rose for the
eighth consecutive quarter, increasing by +0.2% on a like-for-like
basis.
France posted good LFL growth of +0.7% in a persistently
difficult environment.
LFL sales in hypermarkets were down 1.2%, impacted by the
anticipation to Q3 of the Carrefour Anniversary Month. Food sales
continued to grow, demonstrating the quality of our offer.
Supermarkets posted a good performance, up +3.3% on a
like-for-like basis, the ninth consecutive quarterly increase.
LFL sales in convenience and other formats were up
+2.9%.
The conversion of stores acquired from Dia was nearly completed,
with 622 stores in total under Carrefour banners to date.
Variation of fourth quarter 2016 sales inc. VAT
Totalsalesinc.
VAT(€m)
Change
atcurrentexchangerates
inc.petrol
Change
atconstantexchangerates
inc.petrol
LFL inc. petrol
LFL ex petrolex calendar
Organicgrowth expetrol
excalendar
International 12,606 +7.1%
+6.5% +4.5% +4.5%
+5.9%
Other European countries 6,296
+3.6% +4.0% +2.5%
+2.5% +2.7% Spain 2,529 +3.4% +3.4% +3.5%
+4.1% +4.0% Italy 1,477 -1.5% -1.5% +0.7% +0.6% -1.2% Belgium 1,185
+1.0% +1.0% +0.7% +0.5% +0.8%
Latin
America 4,788 +17.0% +13.9%
+10.7% +10.8% +14.1%
Brazil 3,851 +33.1% +12.4% +8.6% +9.0% +13.0%
Asia 1,522 -4.9% -2.3%
-3.7% -4.2% -2.7% China
1,122 -9.0% -4.2% -5.4% -5.4% -4.3%
France 10,761 +0.9% +0.9%
+1.8% +0.7% -0.5%
Hypermarkets 5,758 -1.3% -1.3% -0.9% -1.2% -1.6% Supermarkets 3,400
+1.5% +1.5% +3.0% +3.3% +0.5% Convenience /other formats 1,602
+8.4% +8.4% +10.8% +2.9% +1.6%
Group Total
23,366 +4.2% +3.9%
+3.3% +2.9% +3.0%
Variation of full-year 2016 sales inc. VAT
Totalsalesinc.
VAT(€m)
Change
atcurrentexchangerates
inc.petrol
Change
atconstantexchangerates
inc.petrol
LFL inc. petrol
LFL ex petrolex calendar
Organicgrowth expetrol
excalendar
International 45,574 -0.3%
+6.1% +4.8% +4.9%
+6.0%
Other European countries
22,439 +1.4% +1.9%
+1.6% +2.0% +1.8% Spain 8,964
+1.2% +1.2% +1.3% +2.3% +2.2% Italy 5,484 -1.0% -1.0% +1.8% +2.1%
+0.9% Belgium 4,382 +0.6% +0.6% +0.5% +0.3% +0.3%
Latin America 16,254 +0.9%
+16.6% +13.4% +13.5%
+16.7% Brazil 12,858 +10.6% +15.0% +10.9% +11.0%
+15.1%
Asia 6,881
-7.8% -4.1% -4.8%
-5.0% -4.3% China 5,075 -11.6% -7.2% -7.6%
-7.8% -7.4%
France 40,126
-1.2% -1.2% -0.1%
+0.3% -0.9% Hypermarkets 20,815 -2.6% -2.6%
-2.3% -1.5% -1.8% Supermarkets 12,945 -0.9% -0.9% +0.4% +2.6% -0.3%
Convenience/other formats 6,367 +3.2% +3.2% +7.9% +1.8% +0.8%
Group Total 85,700
-0.7% +2.7% +2.6%
+3.0% +3.0%
EXPANSION UNDER BANNERS – Fourth quarter 2016
Thousands of sq. m.
Dec 31, 2015
Sept. 30, 2016
Openings/Storeenlargements
Acquisitions
Closures/StoreReductions
Total Q42016 change
Dec 31, 2016
France 5,668 5,702 33 - -16 17 5,719 Europe (ex France) 6,039 5,436
62 16 -66 12 5,449 Latin America 2,258 2,286 50 - - 50 2,335 Asia
2,734 2,764 5 - -10 -5 2,758 Others1 828
897 24 -
-1 23
920
Groupe 17,526
17,085 174
16 -94
96 17,181
STORE NETWORK UNDER BANNERS – Fourth quarter 2016
No. of stores
Dec. 31, 2015
Sept. 30, 2016
Openings
Acquisitions
Closures/Disposals
Transfers
Total Q42016 change
Dec. 31. 2016
Hypermarkets 1,481
1,447 16
2 -3
- 15
1,462 France 242 242 1 - - - 1 243 Europe (ex France) 489
435 4 2 -2 - 4 439 Latin America 304 308 8 - - - 8 316 Asia 369 375
- - -1 - -1 374
Others1
77 87 3
- -
- 3 90
Supermarkets 3,462
3,243 36
- -67
15 -16
3,227 France 1,003 1,044 2 - - 16 18 1,062 Europe (ex
France) 2,096 1,820 23 - -66 - -43 1,777 Latin America 168 168 - -
- - - 168 Asia 29 33 5 - - - 5 38 Others1 166
178 6 -
-1 -1
4 182
Convenience
7,181 6,951
232 -
-93 -15
124 7,075 France 4,263 4,226 66
- -54 -16 -4 4,222 Europe (ex France) 2,464 2,232 119 - -39 0 80
2,312 Latin America 404 433 35 - - - 35 468 Asia 8 18 9 - - - 9 27
Others1 42 42
3 - -
1 4 46
Cash & carry 172
171 -
- -
- -
171 France 142 143 - - - - - 143 Europe (ex France) 18 13 -
- - - - 13 Asia 0 2 - - - - - 2 Others1 12
13 - -
- -
- 13
Group 12,296
11,812 284
2 -163
0 123
11,935 France 5,650 5,655 69 - -54 - 15
5,670 Europe (ex France) 5,067 4,500 146 2 -107 0 41 4,541 Latin
America 876 909 43 - - - 43 952 Asia 406 428 14 - -1 - 13 441
Others1 297 320
12 - -1
0 11 331
DEFINITIONS
LFL sales growth: Sales generated by stores opened for at
least twelve months, excluding temporary store closures, at
constant exchange rates.
Organic growth: LFL sales plus net openings over the past
twelve months, including temporary store closures, at constant
exchange rates.
Sales under banners: Total sales under banners, including
sales by franchisees and international partnerships.
1 Africa, Middle East and Dominican Republic.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170118006328/en/
CarrefourInvestor Relations: Mathilde Rodié, Anne-Sophie
LanauteTel : +33 (0)1 41 04 28 83orShareholder RelationsTel : +33
(0)805 902 902 (toll-free in France)orGroup CommunicationTel : +33
(0)1 41 04 26 17
Xtrackers California Mun... (NASDAQ:CA)
Historical Stock Chart
From Feb 2024 to Mar 2024
Xtrackers California Mun... (NASDAQ:CA)
Historical Stock Chart
From Mar 2023 to Mar 2024