Carrefour: net loss, group share of -E399m
(CercleFinance.com) - Group revenue increased by 3.
5% to 38,793 million euros (+2.1% at constant exchange rates). In H1, FX factors had an unfavourable impact of -3.3%. The group said that this is largely due to the depreciation of the Argentine peso and the Brazilian real.
The group benefited from an acceleration in sales growth in the second quarter, which reached +3.9% on a comparable basis (+3.2% in the first quarter).
Group EBITDA totaled 1,311 million euros, representing a stable margin of 3.8%. Underlying operating income was 618 million euros, up 27 million euros (+4.5%) at constant exchange rates.
The group made a net loss of 399 million euros. Adjusted net income, group share, improved by 44 million euros to 179 million euros, compared with 185 million euros in the first half of 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% to 38,793 million euros (+2.1% at constant exchange rates). In H1, FX factors had an unfavourable impact of -3.3%. The group said that this is largely due to the depreciation of the Argentine peso and the Brazilian real.
The group benefited from an acceleration in sales growth in the second quarter, which reached +3.9% on a comparable basis (+3.2% in the first quarter).
Group EBITDA totaled 1,311 million euros, representing a stable margin of 3.8%. Underlying operating income was 618 million euros, up 27 million euros (+4.5%) at constant exchange rates.
The group made a net loss of 399 million euros. Adjusted net income, group share, improved by 44 million euros to 179 million euros, compared with 185 million euros in the first half of 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.