Brazil helps raise the gain Carrefour

Sao Paulo-the French retail group Carrefour said yesterday (19) which registered sales of 23.37 billion euros (US $24.84 billion) in the fourth quarter of 2016, representing 3.9% high in the same period last year.
The result, which was due to a strong performance in Latin America-in particular, in Brazil-and advances in France, slightly exceeded the expectations of analysts, who had predicted sales of 23.24 billion euros.
Disregarding currency and seasonal effects, in addition to the sales of gasoline, the recipe of Carrefour climbed 2.9 percent on the same comparison.
The CFO of Carrefour, Pierre-Jean Sivignon said that the retailer will be "very close" to achieving the projection of Ebit for 2016, of 2.39 billion euros, when publishing your full annual balance.
Sivignon also commented that the initial public offerings (IPOs) of Carrefour''s operations in Brazil and operator of shopping malls Carmila continue of the French group plans for 2017. "We''re working on it," said the Director. "There is nothing new to announce today, but the desire is still perform them this year," he said, making mention of the company''s plans that were released over the past year.
France
In France, which accounts for almost half of the result of Carrefour, sales had annual expansion of 0.9 percent in the last quarter to 10.76 billion euros. Without adjustments, the recipe in the French market rose 0.7 percent amid an increase in food sales.
Also in the calculation without adjustments, Carrefour''s international sales advanced 4.5%, with emphasis on Latin America. In Brazil, whose economy is beginning to show signs of recovery, had high sales of 9% in the fourth quarter. In Asia, on the other hand, sales dropped 5%. Carrefour is in the midst of a restructuring of its activities in China.