124 / 266
124 2014 Registration Document
Comments on 2014 fiscal year
4
Q1 Gross Sales for 2015
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 momentumwith 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).