Total sales of Carrefour 6.1% in Q2 growing

São Paulo – Carrefour reported this Thursday, 6, that its total sales grew by 6.1% in the second quarter compared to the same period in 2016, totaling 21.759 billion euros.
Disregarding currency and seasonal effects, in addition to the sales of gasoline, the recipe of Carrefour rose 2.8 percent on the same comparison.
In the first half, sales totaled 43.053 billion euros, a nominal growth of 6.2%, without currency and seasonal effects, of 2.1%.
The French group, however, reported that due to the request for an initial stock offering (IPO) in Brazil, "the level of detail Carrefour''s sales in the second quarter will be limited".
"The publication of sales by region will be made public when the Carrefour Group disclose their results in the first half, on 30 August 2017", reported.
In the document with the results, Carrefour said France recorded a good performance in the second quarter, with sales reported in 0.8% of nominal high, 9.942 billion euros.
Without seasonal effects, the advance was 1.9%. "Increased sales in all formats and benefited from the growth of e-commerce and the growing momentum of ex-DIA stores converted to Carrefour for more than 12 months."
Food sales contributed to the good performance of the company in France, with an increase of 2.8% in the second quarter compared with the same period in 2016.
In the first half, sales in France totaled 19.348 billion euros, an improvement of 0.8% in nominal terms and 1.3% without seasonal effects.
Already sales in other countries where Carrefour operates increased by 11.1% in the second quarter, to 11.817 billion euros.
Disregarding currency and seasonal effects, sales growth was 3.4%, driven by the expansion of 3.6% of food sales.
"Sales outside France benefited from the result with a positive exchange rate effect of 3.4%," Carrefour said in a statement.
From January to June, the Group''s international sales were of 23.706 billion euros, up 2.8% disregarding currency and seasonal effects and 11% in nominal terms.
The French group has divided its sales results only in other European countries and in rest of the world.
In other European countries, sales amounted to 5.778 billion euros in the second quarter, a growth of 8.6 percent in nominal terms and 3.4% disregarding currency and seasonal effects.
In the first half, sales totaled 11.163 billion euros, with a high of 6.1% respectively and 2.2%.
The rest of the world, sales rose 13.6% in nominal bases and 3.4% excluding currency effects and seasonal, to 6.038 billion euros.
In the first half, sales totaled 12.543 billion euros, 3.3% without Exchange and seasonal effects and 15.7% nominally.
Although Carrefour reinforce that "more detailed information on performance in these markets will be given during the presentation of the results of the first semester in August 30 2017", the group said that overall the effect of the exchange rate for the quarter was favorable in 1.8%, largely due to the appreciation of the real.
IPO in Brazil
The IPO of Carrefour in Brazil could reach up to R $7.6 billion and be the highest bidder from 2013, the year in which the BB made Security your initial offering of shares (IPO). Not to mention lots of extras, the offer could be between R and R $5.64 $4.45 billion billion.
In all, will be offered to the market 205,882,353 ordinary shares on offer primary and secondary actions on 91,261,489, which is one in which the French group Carrefour and the peninsula (bottom of the family of businessman Abílio Diniz) sell part of their roles.
The additional batch may be placed on the market and is made up of up to 59,428,768 shares, or 20% of the shares initially offered.
The further block can reach up to 44,571,576 shares, or 15% of the main plot. The indicative price range per share has been established between R $15 and R $19.