Carrefour's sales in Brazil grow 9.5% in Q2

SÃO PAULO-Carrefour Group revenue in Brazil rose 9.5% in the second quarter compared to the same period in 2012, excluding the exchange rate changes. Sales of the units open more than a year ago (criterion known as "same stores") advanced 7.1% in the range.
The performance was slightly below the noted for Latin America as a whole, where sales were 11.7% high in constant exchange. But the devaluation of the Brazilian currency and the Argentine peso was cited as a factor of concern for French retailer in operating on the morning of this disclosed prior qurta.
The loss of value of the currencies of the two countries had a negative impact of 10.5% in sales of Latin American units in the last quarter. Total turnover of the French retailer, the weight was negative at 1.9%. When the computed exchange rate changes, sales in Latin America grew only 1.2%.
In this scenario, the Carrefour said that success in fulfilling the goal of earnings before interest and taxes (Ebit), of 2.2 billion euros in 2013, depends on the behavior of the exchange rate in Brazil and in Argentina. Additional depreciation on these coins can lead to a review in the projection to the bookmark.