Latin America pulled high in sales of Carrefour in 2014

Carrefour's net sales in Latin America totaled 13.891 billion euros in 2014. With constant exchange rate, the figure was 18.1% higher than the registered in 2013.
But with the effect of the devaluation of the Brazilian real and the Argentine peso, sales were stagnant and recorded slight growth of 0.8% in 2014-far less than inflation in the two countries. The figures do not take into account the sale of fuels.
The French retailer's Chief Financial Officer, Pierre-Jean Sivignon, extolled the numbers of Latin America.
When you view the increase in sales in the region, with constant exchange figures used in a chart that shows that the Latin American unit records the best result among all the subsidiaries since 2012.
"Sales in Latin America have grown at an average of 15% in the last three years," said during in teleconference. In 2014, sales rose 1.2% in France, fell 0.3% in Europe and retreated 1.8% in Asia. In total, the group reported sales increase of 3.9%.
About Latin America, Sivignon said that "Brazil continues to increase profitability in all business sectors".
To shareholders and analysts, the Executive cited the Carrefour Brazil continues as the leader in the segment of food and the company resumed the original pace of opening new stores with the flag "Atacadão".
In addition, continued with the reform plan of hypermarkets and also opened the first branches with the tags "Supeco" and "Express". Sivignon cited that the Latin American branch continues with "improving margins with cost control".