Carrefour - 2017 Registration Document

4 MANAGEMENT’S DISCUSSION AND ANALYSIS AS OF DECEMBER 31, 2017 First-quarter 2018 sales CARREFOUR | 2017 REGISTRATION DOCUMENT 187 Store network under banners – First-quarter 2018 (no. of stores) Dec. 31, 2017 Openings Acquisitions Closures/ Diposals Transfers Total change Q1 2018 March 31,2018 HYPERMARKETS 1,376 7 - (11) 7 3 1,379 France 247 - - - - - 247 Europe (ex France) 460 1 - (1) (3) (3) 457 Latin America 193 - - - - - 193 Asia 365 5 - (7) 10 8 373 Others* 111 1 - (3) - (2) 109 SUPERMARKETS 3,243 20 1 (26) (5) (10) 3,233 France 1,060 5 1 (6) - 0 1,060 Europe (ex France) 1,756 10 - (20) +3 (7) 1,749 Latin America 147 - - - - - 147 Asia 58 3 - - (8) (5) 53 Others* 222 2 - - - 2 224 CONVENIENCE 7,327 76 - (182) - (106) 7,221 France 4,267 25 - (77) - (52) 4,215 Europe (ex France) 2,446 49 - (97) - (48) 2,398 Latin America 521 1 - (4) - (3) 518 Asia 41 1 - (4) - (3) 38 Others* 52 - - - - - 52 CASH & CARRY 354 4 - - (2) 2 356 France 144 - - - - - 144 Europe (ex France) 42 - - - - - 42 Latin America 153 4 - - - 4 157 Asia 2 - - - (2) (2) 0 Others* 13 - - - - - 13 GROUP 12,300 107 1 (219) - (111) 12,189 France 5,718 30 1 (83) - (52) 5,666 Europe (ex France) 4,704 60 - (118) - (58) 4,646 Amérique latine 1,014 5 - (4) - 1 1,015 Asie 466 9 - (11) - (2) 464 Others* 398 3 - (3) - - 398 Africa, Middle East and Dominican Republic. *