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TOTAL SALES UP BY +6.2%

ORGANIC GROWTH OF +3.2%

Regulatory News:

Carrefour (Paris:CA):

• First quarter 2015 sales: €21.0bn, up +6.2% in total and +3.2% on an organic basis
• France: Total growth ex petrol of +7.9% and organic growth of +2.6%
  • Continued growth in all formats
  • Integration of the DIA France stores
• International: Total growth of +8.4% and organic sales growth of +3.6%
  • Sales growth in Europe
  • Continued excellent performance in Latin America
  • Deployment of our action plan in China

First quarter 2015 consolidated sales inc. VAT

The Group posted sales of €21,005m. In the quarter, currencies had a favourable impact (+2.1%) and the calendar effect was slightly positive (+0.3%). Petrol prices had an unfavourable impact of -2.1%.

          Sales inc. VAT (€m)

Organic growthex petrolex calendar

Total growth   Inc. petrol   Ex. petrol France 9,558 +2.6% +3.6%   +7.9% International 11,447   +3.6% +8.4%   +9.1% Group 21,005   +3.2% +6.2%   +8.6%  

Total sales under banners including petrol stood at €25.4bn in the first quarter of 2015, up +7.7% at current exchange rates.

FIRST QUARTER 2015 SALES INC. VAT

France

       

Sales inc. VAT(€m)

Ex petrol,ex calendar

Total LFL   Organic change Inc. petrol   Ex. petrol France 9,558 +2.5%   +2.6% +3.6%   +7.9% Hypermarkets 4,989 +2.1%   +2.2% -0.3%   +2.3% Supermarkets 3,078 +2.5% +2.0% -2.6% +1.9% Convenience and other formats 1,491 +4.8%   +6.2% +40.2%   +50.3%      

In the first quarter, France recorded total ex petrol growth of +7.9% (including the DIA France stores). Organic growth was solid, at +2.6%.

The evolution of petrol prices had an unfavourable impact of 4.3% this quarter.

Organic sales at hypermarkets were up by +2.2% and LFL sales increased by +2.1%. Food sales posted further growth, while non-food sales were almost flat.

Organic sales at supermarkets rose by +2.0%. LFL sales were up +2.5%.

Convenience and other formats confirmed their momentum with organic growth of +6.2%.

International

          Sales inc. VAT(€m)

Ex petrol,ex calendar

Total   LFL   Organic change Inc. petrol   Ex. petrol International   11,447 +2.2%   +3.6% +8.4%   +9.1% Other European countries 5,148 +0.9%   +0.9% +2.2%   +2.9% Latin America 4,070 +12.5% +16.6% +18.7% +19.6% Asia   2,229 -11.3%   -10.5% +6.6%   +6.6%      

Organic sales in international markets grew by +3.6% (+2.2% LFL). The calendar effect was +0.6% this quarter and the currency effect was +4.0%.

In other European countries, organic sales were up +0.9%.

On a like-for like basis, Spain recorded further growth with sales up +0.3% in the quarter. Trends improved in Italy where LFL sales were down 1.0%. LFL sales continued to grow in Belgium (+2.1%) and were also up in Poland and in Romania.

Organic sales in Latin America grew by +16.6%. Currencies had a favourable effect of +2.3%.

In Brazil, organic sales were up by +13.1% (+8.4% LFL) on the back of an already strong comparable base of +8.3% in Q1 2014. Growth continued in all formats. Organic sales in Argentina grew by +28.0%, of which +26.1% LFL.

Total sales in Asia rose by +6.6%, including a positive currency effect. Organic sales were down by 10.5% on a positive comparable base.

In China, in an environment that continued to be marked by frugal consumption, organic sales were down 13.0%. In that country, we have initiated the deployment of our action plan as part of the evolution of our model. In Taiwan, LFL sales returned to positive territory, up +0.7% (down 0.6% on an organic basis).

Variation of first quarter 2015 sales

           

Change at currentexchange ratesinc. petrol

 

Change at constant exchange ratesinc. petrol

 

LFLinc. petrol

 

LFLex calendarex petrol

France +3.6%   +3.6%   -0.7%   +2.5% Hypermarkets -0.3% -0.3% -0.4% +2.1% Supermarkets -2.6% -2.6% -2.1% +2.5%                 International +8.4%   +4.5%   +2.5%   +2.2%                 Other European countries +2.2%   +2.1%   +0.6%   +0.9% Spain -1.2% -1.2% -1.1% +0.3% Italy +6.4% +6.4% -0.2% -1.0% Belgium -0.2% -0.2% +1.9% +2.1%                 Latin America +18.7%   +16.4%   +13.0%   +12.5% Brazil +13.6% +13.0% +9.1% +8.4%                 Asia +6.6%   -9.5%   -10.2%   -11.3% China +4.2% -11.8% -12.8% -14.0%                 Group Total +6.2%   +4.0%   +1.0%   +2.3%  

EXPANSION UNDER BANNERS – First quarter 2015

In Q1 2015, Carrefour opened or acquired 670,000 gross sq. m. Net of disposals and closures, the network added 630,000 sq. m in the quarter.

Thousands of sq m  

Dec 312014

  Openings/Store enlargements   Acquisitions   Closures/Store reductions   Total Q1 2015 change   March 31 2015 France   5,189   1   578   -10   569   5,758 Europe (ex France) 5,753 59 -29 30 5,783 Latin America 2,173 3 3 2,176 Asia 2,757 18 -13 5 2,762 Others1   761   10           10   771 Group   16,633   91   578   -52   617   17,250

STORE NETWORK UNDER BANNERS – First quarter 2015

In Q1 2015, Carrefour opened or acquired 1,086 stores. Net of disposals and closures, the network added 987 stores in the quarter, bringing the total network to 11,847 stores at the end of March.

No. of stores   Dec 31 2014   Openings   Acquisitions   Closures/ Disposals   Transfers   Total Q1 2015 change   March 31 2015 Hypermarkets   1,459   4   5   -3   -13   -7   1,452 France   237     5       5   242 Europe (ex France) 489 -1 -12 -13 476 Latin America 291 1 -1 0 291 Asia 375 2 -2 0 375

Others1

  67   1               1   68 Supermarkets   3,115   22   1   -15   16   24   3,139 France 960 1 -1 0 960 Europe (ex France) 1819 17 -14 15 18 1 837 Latin America 169 1 1 170 Asia 19 1 1 20 Others1   148   4               4   152 Convenience   6,111   241   813   -83   -3   968   7,079 France 3,673 25 813 -34 804 4,477 Europe (ex France) 2,035 211 -49 -3 159 2,194 Latin America 370 3 3 373 Others1   33   2               2   35 Cash & carry   175                   0   175 France 143 0 143 Europe (ex France) 19 0 19 Others1   13                   0   13 Group   10,860   267   819   -101       985   11,845 France 5,013 25 819 -35 809 5,822 Europe (ex France) 4,362 228 -64 164 4,526 Latin America 830 4 4 834 Asia 394 3 -2 1 395 Others1   261   7               7   268

1 Maghreb, Middle East 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 store closures, 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.

CarrefourInvestor Relations:Alessandra Girolami, Matthew Mellin, Mathilde Rodié, +33 (0)1 41 04 28 83orShareholder Relations+33 (0)805 902 902 (toll-free in France)orGroup Communication+33 (0)1 41 04 26 17