Belgium top in the Carrefour Group

Published: July 22nd, 2014

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Carrefour, the French department store group achieved a turnover of Ђ20.517bn in its second quarter.

This is an increase of 0.3%, with the Belgian store showing an increase of 3.8% on like-for-like terms. This is partly due to the Red Devils football team.On a like-for-like basis, Carrefour showed a 1.8% increase to Ђ9.847bn turnover in France.

Without calendar effects and fuel, the growth would have reached 2.1%. Its convenience stores and supermarkets performed well, while its hypermarkets achieved a small increase.In the other European countries, the group showed a Ђ5.331bn turnover, which is a 2% like-for-like increase. The elimination of calendar effects and fuel would bring this to 1.5%.The branch in Belgium outclassed the average by a huge margin, indicating a 5% like-for-like turnover increase.

The exclusion of calendar effects and fuel left 3.8%. It appears that the Red Devils and the world championship football have not missed their target.The group’s biggest growth was in emerging markets where turnover saw a growth of 8.4%, even without calendar effects and fuel. Argentina and Brazil were the main contributors, with figures of 42.4% and 15.2% respectively.

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