Paris 11.17.2017, 17h37   CRF  16.56 €  -0.87%
Group
10/18/2017

2017 3rd Quarter Sales

BELOW

Growth of 1.9% at constant exchange rates


•    Third-quarter sales of €21.9bn
. Up +1.9% on a reported basis at constant exchange rates and up 0.5% like-for-like
. Growth driven by Europe and Latin America

•    Third-quarter performance reflecting:
. Heightened competitive pressure in Europe and particularly in France
. Atypical seasonality, notably marked by shifts in dates of promotional campaigns  
. An improvement in non-food sales (notably in Latin America and France)
. A particularly marked fall in food inflation in Brazil and deflation on seasonal fruits and vegetables in Europe
. An improvement in the evolution of like-for-like sales in Asia

•    The new team, which has been rapidly put in place, is fully mobilized to determine the transformation’s key pillars, to be presented by the end of the year.
 

Download the release 2017 3rd Quarter Sales (pdf 730.33 KB) Download the presentation 2017 3rd Quarter Sales (pdf 506.67 KB)

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