20/10/2021 - Carrefour SA: Earnings Document

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Q3 2021

SALES

October 20, 2021

Q3 2021 Sales up +0.8% LFL at €20.5bn

+4.0%

+2.0%

+0.1%

20,468

+1.7%

(0.7)%

+0.8%

19,690

Q3 2020

LFL

Expansion &

Petrol

Calendar

Forex

Q3 2021

M&A

Q3 2021 SALES

October 20, 2021

2

2-year LFL growth1 remains at a high level

+10,9% +10,9%

+9,2%

+4,5%

+3,0%

FY 2018

FY 2019

FY 2020

H1 2021

Q3 2021

(1) Sum of N and N-1 LFL

Q3 2021 SALES

October 20, 2021

3

FRANCE

France

Resilient performance against high comps and temporary Covid restrictions

Q3 - in €m

Total Sales

Hypermarkets

Supermarkets

Other formats

Sales inc. VAT

9,882

4,867

3,295

1,720

Variation vs. Q3 20

+2.1%

-0.2%

+2.7%

+8.0%

LFL ex. petrol

-0.3%

-2.8%

+2.2%

+2.5%

ex. calendar vs. Q3 20

2-Year LFL stack vs. Q3 19

+3.5%

-0.3%

+7.1%

+7.9%

Hypermarkets: Good resilience given the high comparable base and the temporary impact of the introduction of the "sanitary pass"

Supermarkets: Good momentum and continued market share gains

Convenience (+1.2% LFL/+6.5% over 2 years): Solid performance. Continued expansion of this growth format (+63 openings in Q3)

Food e-commerce up +19% (+72% over 2 years)

Q3 2021 SALES

October 20, 2021

4

EUROPE

Other European countries

Spain outperforming in all formats - Italy back to positive growth

Q3 - in €m

Total Sales

Spain

Italy

Belgium

Poland

Romania

Sales inc. VAT

5,864

2,681

1,073

1,010

499

601

Variation vs. Q3 20

+0.9%

+3.9%

-2.5%

-5.1%

+0.1%

+5.5%

LFL ex. petrol

-1.2%

-2.3%

+0.8%

-5.4%

+0.9%

+5.9%

ex. calendar vs. Q3 20

2-Year LFL stack vs. Q3 19

+0.6%

+3.9%

-7.2%

-5.4%

-0.5%

+5.9%

Spain: Continued market share gains, in a market impacted by strong out-of-home consumption. Supersol

integration continued successfully€200m €129m

Italy: Back to positive LFL, driven by the improvement in customer satisfaction. Initial benefits from the new recovery plan

Belgium: Declining market marked by deflationary pressure on food and high comparable base in summer 2020

Poland: Positive momentum

Romania: Solid trend in the wake of an excellent Q2 2021

Q3 2021 SALES

October 20, 2021

5

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Disclaimer

Carrefour SA published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 16:07:23 UTC.

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