Carrefour: confirms all 2024 targets
(CercleFinance.com) - Group Q3 sales (incl.
VAT) rose by +8.8% on a comparable basis (LFL) to E23,983m pre-IAS 29, i.e. +12.9% at constant exchange rates.
In France, sales were down 3% LFL due to ongoing price investments. Market share is up strongly, notably driven by the integration of Cora/Match, with market share stabilizing in volume terms on a LFL basis, management says.
In Europe, sales were down 1.5% LFL. During the quarter, the group further stepped up its price investments in the region, leading to a marked improvement in business since the beginning of September, particularly in Spain, it says. In Brazil, Carrefour posted LF§L growth of +5.8%.
Management confirms all the group's financial targets for 2024: growth in EBITDA and Recurring Operating Income, Net Free Cash Flow in line with the trajectory of the Carrefour 2026 plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
VAT) rose by +8.8% on a comparable basis (LFL) to E23,983m pre-IAS 29, i.e. +12.9% at constant exchange rates.
In France, sales were down 3% LFL due to ongoing price investments. Market share is up strongly, notably driven by the integration of Cora/Match, with market share stabilizing in volume terms on a LFL basis, management says.
In Europe, sales were down 1.5% LFL. During the quarter, the group further stepped up its price investments in the region, leading to a marked improvement in business since the beginning of September, particularly in Spain, it says. In Brazil, Carrefour posted LF§L growth of +5.8%.
Management confirms all the group's financial targets for 2024: growth in EBITDA and Recurring Operating Income, Net Free Cash Flow in line with the trajectory of the Carrefour 2026 plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.