PR Newswire/Les Echos/
July 19th, 2010
2010 first-half sales
Excluding fuel Including fuel
Gross sales
(in million euros) Q1 2010 Q2 2010 H1 2010 H1 2010
Guyenne et Gascogne
parent company 100.8 + 1.8% 107.5 + 1.1% 208.3 + 1.4% 278.0 + 5.1%
Sogara 314.2 -5.0% 323.4 -3.4% 637.6 -4.2% 753.6 -2.3%
Centros Comerciales
Carrefour (Spain)
* Hypermarkets 1,888.1 -2.9% 1,838.7 -7.1% 3,726.8 -5.0% 4,032.0 - 3.4%
* Supermarkets 159.2 -5.3% 168.5 -7.0% 327.7 -6.2% 345.1 -5.1%
Since the new IFRS came into force, the subsidiaries Sogara and Centros
Comerciales Carrefour have been consolidated on an equity basis. As such, the
figure for consolidated sales is that of the parent company: 278.0 million euros
(+ 5.1%).
On the whole, business over the first half of 2010 was in line with the
observations made previously, confirming the sluggish environment which is
affecti ng household consumption.
- In France, the supermarkets and mid-size hypermarkets are holding up well,
while very large stores are sti ll being hit by the difficulties in the
non-food sector.
In this way, the parent company is able to confirm its growth, buoyed by the
success of the Carrefour Market network, whose deployment will be fully
operational by the end of October.
The Sogara subsidiary recorded an improvement during the second quarter,
but is still down, penalized by textiles in particular and growing regional
competition.
- In Spain, following a first quarter characterized by a strong level of
promotional activity and growth in "consumer electronics" sales, the
business is being affected by the difficult economic climate, the general
downturn in consumption and the persistent deflationary trends seen.
As a priority, the Group is continuing to focus on applying an aggressive
pricing policy and strengthening its market shares.
Half-year earnings to be published on August 31st, 2010
The Guyenne et Gascogne Group's financial information and the full press release
with its appendix are available on the company's web site at:
www.guyenneetgascogne.com
Press contact: Calyptus - Marie-Anne
Tel: +33 1 53 65 68 63 - Fax: +33 1 53 65 68 60
marie-anne.garigue@calyptus. net
Garigue Guyenne et Gascogne contact: Marc Léguillette
Tel: +33 5 59 44 55 00 - Fax: +33 5 59 44 55 77
marc.leguillette@guyenneetgascogne.fr
ISIN: FR0000120289
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