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direct/ Carrefour SA: 2007 Full Year Sales

01-24-2008 06:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Carrefour SA

Carrefour meets its 2007 sales growth target
Sales inc. VAT + 7% on constant exchange rates
Q4 sales up 10% on constant exchange rates

x Third consecutive year of faster sales growth

- Group sales grew 7.0% on constant exchange rates versus 6.3% in 2006 and +4.3% in 2005

- Faster growth reflects a stronger consumer offer and the opening of more new m2 through organic growth and tactical acquisitions

x Both core and growth markets have contributed

- Sales progressed well in France despite food price deflation for the first three quarters of the year reflecting a very competitive trading environment

- In Europe, Spain, Poland and Romania led like for like growth

- Our growth markets in Asia and Latin America performed very well

x Making the brand work harder

- Our re-thinking of the hypermarket model is beginning to pay off as customers respond positively to the roll out of our new generation stores

- We are strengthening the Carrefour brand, focusing on choice, innovation, freshness, and own label as well as maintaining local price leadership

- We are leveraging the strengths of the Carrefour brand through our multi format single brand stategy with first good results in France, as well as in all other markets such as Spain, Poland, Brazil, and Turkey

x 2007 guidance confirmed

- We will report an increase in Activity Contribution for the full year, broadly at the same rate as in 2006

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direct/ Carrefour SA: Third Quarter 2007 sales
Group sales + 5.5% on constant exchange rates, +5.8% on current exchange rates · Progressively less deflation in France in a very competitive market - Carrefour hypermarkets continued to grow market share in the Quarter thanks to our consistent and determined pricing strategy - Food price deflation eased progressively over the period as a result of raw material price increases which have been passed on by suppliers - Overall, 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,
direct/ Carrefour SA: Full Year 2006 Sales
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

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