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direct/ Carrefour SA: Full Year 2006 Sales

01-12-2007 05:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Carrefour SA

Carrefour meets its 2006 sales growth target Sales inc. VAT + 6.3% on constant exchange rates (vs. 4.3% in 2005)

Consolidation of growth in France resulting from a determined customer strategy:

- Cumulatively to December 3rd*, the Group gained 0.5% food market share in 2006, all formats included.

- Like-for-like sales, excluding petrol, grew 1.6% and 2.9% respectively in hypermarkets and supermarkets, mainly resulting from food volume growth. Total sales in France were up 4.4%.

Sustained growth outside France: sales up 8.1% on constant exchange rates

- The Group´s engines for growth recorded strong performances, notably China, Greece, Poland, Spain, Colombia, Argentina and Indonesia

- These good performances have more than offset a difficult year in Italy and Taiwan.

The acceleration in organic growth is bearing fruit:

- New square meters contributed to 5.1% of total growth in 2006

- The rate of openings has strengthened, with 103 new hypermarkets, of which 87 were opened organically.

- Overall, we have added this year close to 1000 additional stores and 1.4 million new m(2), of which 90% were opened organically (+20% compared to 2005)

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direct/ Carrefour SA: 2007 Full Year Sales
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Group sales + 6.5% on constant exchange rates, + 5.2% on current exchange rates · France: total sales up 1.6% (3.4% ex petrol) despite deflationary context - In the current deflationary environment for food in France, we have reinforced our commitment to offer the best prices to all our customers. This has resulted in food deflation in our hypermarkets of 1.9% this quarter in dry grocery products. - Within this context,

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