EVRY (dpa-AFX) - French food retailer Carrefour (CRERF.PK, CRRFY.PK, 0NPH.L)
reported that its first-quarter sales including VAT increased by 13.5% on a
like-for-like basis. They reached 22.156 billion euros pre-IAS 29, an increase
of 12.1% at constant exchange rates. This increase includes a negative petrol
effect of -2.3%, and a calendar effect of +1.4%, mainly linked to the leap year
and the timing of Easter in the first quarter this year.

After taking into account a negative exchange rate effect of -11.8%, mainly
reflecting the depreciation of the Argentinian Peso, total sales growth at
current exchange rates amounted to +0.4%. The impact of the application of IAS
29 was +75 million euros.

Carrefour confirmed its financial targets for 2024: Growth in EBITDA and
Recurring Operating Income, Net Free Cash Flow will be in line with the
Carrefour 2026 plan trajectory.



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