Carrefour’s 2015 organic sales have a 3% growth
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Last full-year sales Carrefour generated 86.3 billion Euros and +3.0% on an organic basis. Business Wire explained that France posted organic growth of +1.1%, on top of an already positive comparable basis of +1.2% in 2014 and of +1.3% in 2013. All formats posted organic growth for the third consecutive year.
Organic sales in international markets were up by +4.5% in 2015. For the first time in seven years, Europe posted sales growth. Sales in Latin America were up strongly, at +11.7%, as Brazil posted further growth, with organic sales up by +12.6%. In Asia, organic sales were down by 9.5%.
Sales at hypermarkets were down by 0.5% on an organic basis. Non-food sales were impacted by particularly mild temperatures, notably in December. Sales at supermarkets rose by +0.6% on an organic basis. In other European countries, organic sales were up by +0.8%. Organic sales in Latin America were up by +15.9%. Currencies had an unfavorable effect of 22.2% due to the depreciation of the Brazilian Real and Argentine Peso vs. the euro.
In Brazil, organic sales were up by +13.5% (+8.5% LFL) on an already high comparable base of +15.9%. All formats posted remarkable growth. Organic sales in Argentina rose by +23.3%, of which +22.3% LFL. In China, in a context of slowing consumption, total sales were down by 7.5%, and down 15.7% on an organic basis.
Note: LFL sales growth: Sales generated by stores opened for at least twelve months, excluding temporary store closures, at constant exchange rates.