Although five key countries clocked negative lfl in Q4, some of the pain should alleviate gradually. On the positive note, the strong performance in LatAm is likely to continue. We also remain content with the progress of the performance turnaround plan. The guidance of a 4% increase in profit is an encouraging development. The revival of performance in Europe would be a stock price trigger in the near term. We maintain our stock recommendation.
24 Jan 2019
Decent Q4 performance; turnaround plan on track
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Decent Q4 performance; turnaround plan on track
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
24 Jan 2019 -
Author:
Nishant Choudhary -
Pages:
4
Although five key countries clocked negative lfl in Q4, some of the pain should alleviate gradually. On the positive note, the strong performance in LatAm is likely to continue. We also remain content with the progress of the performance turnaround plan. The guidance of a 4% increase in profit is an encouraging development. The revival of performance in Europe would be a stock price trigger in the near term. We maintain our stock recommendation.