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CARREFOUR full-year 2011 results confirm emerging markets demand
19 JANUARY 2012 CARREFOUR posted full-year 2011 turnover to € 91.5 billion or +0.5% increase, « lifted by emerging markets » according to the Group's communication while Q4 2011 results fell -0.8% to € 24.2 billion due to the deterioration of the environment which affected non-food products while sales of food products stayed unchanged. Per region, and excluding gasoline, in the fourth quarter 2011, total sales in France fell -2.4% to € 10.4 billion, and in Europe excluding France -4.3% to €7.1 billion due to negative results in Spain and in Italy. In Latin America, sales rose +6.8% to € 4.5 billion and in Asia +2.8% to € 1.97 billion with strong demand in China, Taiwan and Indonesia. Including stores, and on the same period, total sales fell -1.9% dragged down by all regions except in Latin America, were sales rose +5.6%. Full-year sales performed best on the same market, +10.1% to €17.1 billion. Sales in France declined -1.2% to € 39.5 billion, in Europe excluding France -4% to €26.8 billion and in Asia +5% to €8.2 billion. The Group's future strategic expansion in emerging markets will remain dynamic, with 5.9% in Asia in 2011 and 3.4% in Latin America. |