Carrefour SA Announces Sales Result for the Fourth Quarter and Full Year of 2017; Announces Earnings Guidance for the Full Year 2017
For the full year 2017, the company reported group sales of EUR 88,240 million. In the period, currencies had a favorable effect of +0.3%. The petrol effect was a favorable +0.2% and the calendar effect was an unfavorable -0.5%.
Recurring Operating Income for full-year 2017 should stand at about EUR 2.00 billion, a drop of -15% at current exchange rates. Free cash flow in full-year 2017, excluding exceptional items, should stand around EUR 950 million vs. EUR 1,039 million in 2016. Capital expenditure in the full year should stand at EUR 2,145 million ex Cargo.