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Name | Symbol | Market | Type |
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Xtrackers California Municipal Bonds ETF | NASDAQ:CA | NASDAQ | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.025 | 0.10% | 24.845 | 12.42 | 37.26 | 0 | 21:30:00 |
SALES UP +5.0% IN H1 AND +4.2% IN Q2
Regulatory News:
Carrefour (Paris:CA) :
- France : Total growth ex petrol of +6.3% and organic growth of +1.8%; organic sales growth for the fifth consecutive half
- International : Excellent growth of +7.3% in total ex petrol and +3.7% on an organic basis
- France : Total growth ex petrol of +5.5%, organic growth of +1.1%
Growth in all formats on a strong comparable base
Launch of DIA store conversions in France
- International : Total growth of +5.6% ex petrol and +3.8% on an organic basis
Accelerating sales growth in Spain
Excellent performance in Latin America
Continued roll-out of action plan in China and further growth in Taiwan
First half 2015 consolidated sales inc. VAT
The Group posted sales of €42,320m. In the first half, currencies had a favorable impact of +1.3%. Petrol prices had an unfavorable impact of -1.6%.
Sales inc. VAT (€m)
Organicgrowth ex petrol ex calendar Total growthInc. petrol
Ex. petrol
France 19,672 +1.8% +3.1% +6.3% International 22,649 +3.7% +6.7% +7.3% Group 42,320 +2.9% +5.0% +6.9%Total sales under banners including petrol stood at €51.4bn in the first half of 2015, up +6.6% at current exchange rates.
Second quarter 2015 consolidated sales inc. VAT
The Group posted sales of €21,369m. This quarter, currencies had a favorable impact of +0.6%. The calendar effect had an unfavorable impact of -0.3%, and petrol prices had an unfavorable impact of -1.2%.
Sales inc. VAT (€m)
Organicgrowth ex petrol ex calendar
Total growthInc. petrol
Ex.petrol
France 10,168 +1.1% +3.3% +5.5% International11,202
+3.8% +5.0% +5.6% Group 21,369 +2.6% +4.2% +5.5%Total sales under banners including petrol stood at €26.0bn in the second quarter of 2015, up +5.7% at current exchange rates.
FIRST HALF 2015 SALES INC. VAT
France
Sales inc. VAT (€m)
Ex petrol, ex calendar Total LFLOrganicchange
Inc. petrol Ex. petrol France 19,672 +1.7% +1.8% +3.1% +6.3% Hypermarkets 10,209 +1.3% +1.5% -0.6% +1.4% Supermarkets 6,418 +1.8% +1.5% -1.4% +1.4% Convenience and other formats 3,044 +3.3% +4.2% +33.1% +40.7%In the first half of 2015, France posted organic growth of +1.8%, on an already strong positive base both in 2014 and 2013. All formats once again posted organic growth.
International
Sales inc. VAT(€m)
Ex petrol, ex calendar Total LFLOrganicchange
Inc. petrol Ex. petrol International 22,649 +2.2% +3.7% +6.7% +7.3% Other European countries 10,515 +0.2% +0.3% +1.4% +2.1% Latin America 8,159 +11.5% +15.5% +13.0% +13.7% Asia 3,975 -10.4% -9.7% +9.3% +9.3%Organic sales in international markets grew by +3.7% in the first half of 2015. Organic sales in Other European countries were positive in the half. Latin America remained strong, recording further organic growth of +15.5%. In Asia, organic sales were down by 9.7% but total sales were up +9.3%, benefiting from a positive currency effect.
SECOND QUARTER 2015 SALES INC. VAT
France
Sales inc. VAT (€m) Ex petrol, ex calendar Total LFLOrganicchange
Inc. petrol Ex. petrol France 10,168 +0.9% +1.1% +3.3% +5.5% Hypermarkets 5,220 +0.5% +0.7% -1.0% +0.4% Supermarkets 3,341 +1.2% +1.0% -0.4% +1.0% Convenience and other formats 1,607 +2.1% +2.5% +31.4% +37.7%In the second quarter, France recorded total growth ex petrol of +5.5% (including the DIA stores). Organic growth was solid at +1.1% on a strong 2014 comparable base, which itself came on top of 2013 numbers that had returned to positive territory.
In the quarter, petrol prices had an unfavorable impact of 2.2%. The calendar effect is estimated at -0.2%.
Organic sales at hypermarkets were up by +0.7% and LFL sales were up +0.5%. Food sales continued to grow.
Sales at supermarkets were up +1.0% on an organic basis. LFL sales were up +1.2%.
Organic sales in convenience and other formats continued to grow, increasing by +2.5%.
International
Sales inc. VAT (€m) Ex petrol, ex calendar Total LFLOrganicchange
Inc. petrol Ex.petrol International 11,202 +2.3% +3.8% +5.0% +5.6% Other European countries 5,366 -0.4% -0.2% +0.7% +1.3% Latin America 4,089 +10.7% +14.6% +7.8% +8.4% Asia 1,746 -9.2% -8.6% +13.0% +13.0%Organic sales in international markets were up by +3.8% (+2.3% LFL). The calendar effect was -0.4% in the quarter and the currency effect was +1.2%.
Organic sales in Other European countries were broadly stable (-0.2%).
LFL sales in Spain posted a strong performance, with sales accelerating, growing by +2.8% in the second quarter. LFL sales in Italy were down by 5.0% on a challenging comparable base, marked by a big promotional campaign linked to the football world cup in the second quarter of 2014. LFL sales in Belgium were stable on an equally strong comparable base in 2014. LFL sales were down in Poland. LFL sales continued to grow in Romania despite a three percentage point impact from the strong drop in VAT on food products beginning June 1st.
Organic sales in Latin America were up by +14.6%. The currency impact was a negative -5.8% linked to the unfavorable evolution of the Brazilian Real versus the euro, partly offset by the positive evolution of the Argentine Peso.
In Brazil, organic sales were up by +11.4% (+7.1% LFL) on an already strong comparable base of +10.0% in the second quarter of 2014. All formats continued to grow. Organic sales in Argentina were up by +25.9%, of which +23.1% LFL.
In Asia, total sales were up +13.0%, including a positive currency effect. Organic sales were down 8.6%.
In China, in a slowing consumption environment, sales were down 11.4% on an organic basis and 12.3% LFL. We are continuing the roll-out of our action plan in the country. In Taiwan, sales grew for the second consecutive quarter, both LFL and on an organic basis (+2.1% and +1.4% respectively).
Variation of 2015 first-half sales inc. VAT
Change at currentexchange rates inc.petrol
Change atconstantexchangerates inc.petrol
LFLinc. petrol
LFLex calendarex petrol
France +3.1% +3.1% -0.6% +1.7% Hypermarkets -0.6% -0.6% -0.8% +1.3% Supermarkets -1,4% -1.4% -1.0% +1.8% International +6.7% +4.1% +2.2% +2.2% Other European countries +1.4% +1.3% -0.2% +0.2% Spain -0.5% -0.5% +0.3% +1.6% Italy +3.5% +3.5% -2.9% -3.1% Belgium -0.4% -0.4% +1.0% +1.0% Latin America +13.0% +14.9% +11.5% +11.5% Brazil +6.2% +11.8% +8.0% +7.8% Asia +9.3% -9.1% -9.8% -10.4% China +6.7% -11.7% -12.6% -13.3% Group total +5.0% +3.7% +0.9% +2.0%Variation of 2015 second quarter sales inc. VAT
Change at current exchange rates inc. petrol
Change at constant exchange rates inc. petrol
LFLinc. petrol
LFLex calendarex petrol
France +3.3% +3.3% -0.6% +0.9% Hypermarkets -1.0% -1.0% -1.3% +0.5%Supermarkets
-0.4% -0.4% 0.0% +1.2% International +5.0% +3.8% +1.8% +2.3% Other European countries +0.7% +0.5% -0.9% -0.4% Spain +0.2% +0.2% +1.6% +2.8% Italy +0.9% +0.9% -5.3% -5.0% Belgium -0.6% -0.6% +0.1% 0.0% Latin America +7.8% +13.6% +10.1% +10.7% Brazil -0.4% +10.7% +6.9% +7.1% Asia +13.0% -8.6% -9.1% -9.2% China +10.2% -11.5% -12.4% -12.3% Group total +4.2% +3.6% +0.7% +1.7%EXPANSION UNDER BANNERS – Q2 2015
In Q2 2015, Carrefour opened or acquired 221,000 gross sq. m. Net of disposals and closures, the network added 120,000 sq. m in Q2 2015. Since the beginning of the year, the network has added 783,000 gross sq. m (627,000 net sq. m).
Thousands of sq. mDec 31, 2014
March 31, 20151
Openings/Storeenlargements
AcquisitionsClosures/
Storereductions
Total Q2 2015 change
June 30, 2015
France 5,189 5,649 22 (1) (9) 13 5,662 Europe (ex France) 5,753 5,783 100 2 (34) 69 5,852 Latin America 2,173 2,176 33 33 2,209 Asia 2,757 2,760 34 (59) (25) 2,735 Others2 761 771 30 30 802 Group 16,633 17,140 219 2 (101) 120 17,260STORE NETWORK UNDER BANNERS – Q2 2015
In Q2 2015, Carrefour opened or acquired 354 stores. Net of disposals or closures, the network added 225 stores in Q2 2015, bringing the total network to 11,910 stores at the end of June.
No of storesDec 31, 2014
March 31, 20151
Openings
Acquisitions
Closures/Disposals
TransfersTotal Q2 2015 change
June 30,2015 Hypermarkets 1,459 1,452 17 (8) 9 1,461 France 237 242 242 Europe (ex France) 489 476 3 3 479 Latin America 291 291 5 5 296 Asia 375 375 5 (8) (3) 372Others2
67 68 4 4 72 Supermarkets 3,115 3,139 94 (24) 1 71 3,210 France 960 960 2 1 3 963 Europe (ex France) 1,819 1,837 81 (24) 57 1,894Latin America
169 170 170 Asia 19 20 2 2 22 Others2 148 152 9 9 161 Convenience 6,111 6,919 207 36 (95) (1) 147 7,066 France 3,673 4,317 64 (47) (1) 16 4,333 Europe (ex France) 2,035 2,194 136 36 (46) 126 2,320 Latin America 370 373 3 (2) 1 374 Asia - - 2 2 2 Others2 33 35 2 2 37 Cash & carry 175 175 (2) (2) 173 France 143 143 (1) (1) 142 Europe (ex France) 19 19 (1) (1) 18 Others2 13 13 13 Group 10,860 11,685 318 36 (129) 225 11,910 France 5,013 5,662 66 (48) 18 5,680 Europe (ex France) 4,362 4,526 220 36 (71) 185 4,711 Latin America 830 834 8 (2) 6 840 Asia 394 395 9 (8) 1 396 Others2 261 268 15 15 2831 Restated for Dia stores which have been sold or are in the process of being sold2 Maghreb, Middle East-Orient and Dominican Republic
DEFINITIONS
LFL sales growth: Sales generated by stores opened for at least twelve months, excluding temporary store closures, at constant exchange rates.
Organic growth: LFL sales plus net openings over the past twelve months, including temporary storeclosures, at constant exchange rates.
Sales under banners: Total sales under banners including sales by franchisees and international partnerships.
Note: LFL and organic growth numbers are presented ex calendar and ex petrol.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150715006688/en/
CarrefourInvestor Relations:Alessandra Girolami, Matthew Mellin, Mathilde RodiéTel : +33 (0)1 41 04 28 83orShareholder RelationsTel : +33 (0)805 902 902 (toll-free in France)orGroup CommunicationTel : +33 (0)1 41 04 26 17
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