Nine-month results maintain Carrefour in the race for €1 bln in turnover

“Carrefour enjoyed very good performance in the third quarter, given the difficult environment. Quarterly financial results make meeting 2008 goals possible,” the French group’s General Manager, Jose Luis Duran, said.

In the third quarter, Carrefour’s sales in Romania rose 43.5 percent year-on-year, to €312 million, similar to that in Q2. In the first nine months, the group’s local expansion process lead to a 47.5 percent increase in sales, compensating for a 14.7 percent loss due to exchange rate fluctuations.

Carrefour, the second-largest retail company worldwide, posted net sales worth €71.8 billion in the first nine months of 2008, 7.7 percent higher compared to the same period last year.