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direct/ Carrefour announces Third Quarter 2006 Sales

10-13-2006 10:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Carrefour

Continued growth in group sales
+ 7.3% on constant exchange rates

* Consolidation of trends in France, sales up 5.3%
- Excluding petrol, sales in France grew 7.0%
- All formats grew like for like sales. Ex-petrol, hypermarket and supermarket sales were up 3.6% and 4.7% respectively, hard discount +1.7% and convenience +2.8%
- Growth was underpinned by growth in food volumes in both hypermarkets and supermarkets and by a better performance from non-food
- The Group won 0.3% food market share in France in the period *

* Accelerating growth in Europe ex-France, sales up 8.4% on constant exchange rates
- The acceleration is underpinned by a 2.9% like-for-like sales growth, mainly driven by a solid performance in Spain in all activities, and by Belgium, which shows the first signs of improvement across all formats
- Italy recorded a slight improvement in like for likes thanks to a robust performance from supermarkets and convenience stores. Hypermarket trends were in line with those of the Second Quarter.
- Other European countries have maintained the positive trends recorded in the First Half

* Growth in Latin America and Asia, sales up 9.9% and 14.0% respectively on constant exchange rates
- New engines for growth - for example Colombia, Indonesia and China - continued to show strong growth
- These trends were mitigated by Brazil, where we see strong deflation, and Taiwan, which has been impacted by a tightening of consumer credit and by cannibalisation

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direct/Carrefour: Interim Results
1st Half Results 2005 Pro forma earnings per share stable Customer focus in France has begun to deliver market share gains Strong profit growth outside France Sales ex. VAT EURO 35 440 m +2.6% on current exchange rates +4.7% Pro forma taking into account the deconsolidation of Mexico, Japan, and Food Service France on 1/1/05 EBITDA EURO 2008m -0.9% Activity Contribution EURO 1262m -3.1% Net income Group share EURO 687m -6.9%

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