Carrefour reported net sales had improved by 3.0% organically to €76.9bn, driven by growth in Europe and the emerging economies (increased respectively by 2.7% and 7.7% at constant exchange rates). Recurring operating income witnessed an increase of 2.4% yoy to €2,447m (i.e. the margin was 3.1%, flat compared to 2014). Carrefour recorded €257m as non-recurring operating income linked to reorganisational costs in various countries. The continued low interest rates in Europe, par
11 Mar 2016
Asia resilient at the expense of margins
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Asia resilient at the expense of margins
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
11 Mar 2016 -
Author:
Ranya GNABA -
Pages:
3
Carrefour reported net sales had improved by 3.0% organically to €76.9bn, driven by growth in Europe and the emerging economies (increased respectively by 2.7% and 7.7% at constant exchange rates). Recurring operating income witnessed an increase of 2.4% yoy to €2,447m (i.e. the margin was 3.1%, flat compared to 2014). Carrefour recorded €257m as non-recurring operating income linked to reorganisational costs in various countries. The continued low interest rates in Europe, par