Carrefour has produced decent results in H1 (decent lfl growth and a strong improvement in profitability). This is in line with our earlier estimates (please refer to our earlier Latests for more details). We reiterate that the turnaround plan should remain on the right track and Carrefour should be able to improve profitability slightly in the forecast years, without compromising on growth catalysts like sustained price reinvestment and streamlining of the e-com proposition. No change to our
04 Aug 2018
H1 shows the green shoots of a turnaround plan
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H1 shows the green shoots of a turnaround plan
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
04 Aug 2018 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour has produced decent results in H1 (decent lfl growth and a strong improvement in profitability). This is in line with our earlier estimates (please refer to our earlier Latests for more details). We reiterate that the turnaround plan should remain on the right track and Carrefour should be able to improve profitability slightly in the forecast years, without compromising on growth catalysts like sustained price reinvestment and streamlining of the e-com proposition. No change to our