Carrefour: expects 2018 underlying EBITDA of around E1,930m

(CercleFinance.com) - Revenues totaled 22,638 million euros in Q4 2018, up +2.
7% at constant exchange rates, although down 2.3% at current exchange rates. LFL sales growth reached +1.9% over the quarter (+1.1% over the first nine months).

FY 2018 sales reached 85,164 million euros, up 2.5% at constant exchange rates (-2.8% at current exchange rates).

The group has therefore confirmed its targets, now aiming to complete a savings plan of 2 billion euros in full-year 2020, the sale of 500 million of non-core property assets by 2020, 5 billion euros of e-commerce sales in 2022 and 5 billion euros in organic (bio) products in 2022.

The Group's 2018 underlying operating income (UOI) is expected to be around 1,930 million euros, up almost 85 million euros at constant exchange rates compared to 2017 published UOI (including 36 million euros in the first half).



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