Carrefour (OTCPK:CRERF)

$ 14.76 -0.13 (-0.87%) Market Cap: 9.57 Bil Enterprise Value: 20.58 Bil PE Ratio: 11.68 PB Ratio: 0.90 GF Score: 76/100

Q1 2019 Carrefour SA Corporate Sales Call Transcript

Apr 24, 2019 / 04:15PM GMT

Release Date Price: $18.91 (+0.05%)

Transcript

Operator

Ladies and gentlemen, welcome to Carrefour First Quarter Sales Conference Call. I now hand over to Selma Bekhechi. Madam, please go ahead.

Selma Bekhechi

Good evening to all of you, and welcome to our 2019 first quarter sales call. You have no doubt seen the press release we issued after market closed. You will also find the presentation we will refer throughout the call on our corporate website. Matthieu will run you through the business and financial highlights of our Q1 sales performance, then I will briefly discuss the adoption of the IFRS 16 Accounting Standard. Finally, we will be happy to take your questions. Let me now hand over to Matthieu.

Matthieu Malige

Carrefour SA - CFO

Thank you, Selma. Good afternoon to all of you. Let me first highlight the key messages of our presentation today. In Q1, Carrefour posted sales growth of 2.7% like-for-like driven by a strong performance in Brazil, satisfactory food sales in France, and the high growth in food e-commerce.

This quarter saw rapid progress in the

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