Organic Carrefour sales in Brazil rise 12.2% in Q3

The organic Carrefour's sales in Brazil were up 12.2% in the third quarter over the same period last year, the retailer said on Friday, saying that the indi loan credit insurance cator remained strong in the face of a challenging environment in the country.

Last year, the growth was 12.8%. According to the company said in a statement, all formats had organic growth.

The operating balance left after the GPA said on Tuesday up 2.7% in the third quarter revenue on a year earlier, a decline in sales of electronics divi loan credit insurance sion was offset by sales atacarejo and online commerce.


In Latin America, Carrefour posted sales of 3.857 billion euros in the third quarter, with 16% organic sales growth, while total sales fell 2.8% in the region due to the strong exchange rate impact caused by the devaluation of the real. The effect was partly overshadowed by the appreciation of the Argentine peso, the country where organic sales rose 29.2%.

Overall, the largest retailer in Europe reported that accelerated sales in the period, driven by a recovery in southern Europe, the momentum in its French domestic market and also by "resilience" in Brazil, despite the economic downturn.

Sales in China fell 10.6% in the third quarter in the face of weak consumption. Carre loan credit insurance four said it seeks a plan of action in the country, which involves expanding e-commerce and the convenience stores and open logistics centers to reduce costs.

The second largest retailer in the world after Wal-Mart had sales of 21.54 billion euros ($ 25 billion) in the third quarter, against analysts average forecast of 21.5 billion euros.