Europe’s biggest retailer reported a 7.3% year-on-year increase in first-quarter sales in Romania, to €269 million, on continued network expansion and appreciation of the leu.
At a constant EUR/RON exchange rate, Carrefour’s sales in Romania increased by only 3.6%, as the appreciation of the national currency had a positive impact on euro numbers.
At a constant number of outlets, the retailer’s sales in Romania fell 2.3%. Carrefour’s network expanded by 5.9% from the first quarter of 2009.
Carrefour’s global sales in the first three months grew 5.5% to €23.96 billion year-on-year.
“ Our quarterly sales grew on a like-for-like basis for the first time in 18 months in spite of an environment that remains challenging. This performance reflects the heightened attractiveness of the Carrefour brand, our strengthened commercial dynamics and the acceleration of growth in emerging markets, notably in Latin America and China”, said Lars Olofsson, CEO and Board member of Carrefour.
Europe’s biggest and world’s second biggest retailer has a network of 47 stores in Romania, of which 22 hypermarkets and 25 supermarkets.
Last year, Carrefour’s sales in Romania had dropped 4.6% to €1.135 billion. In the fourth quarter 2009, Romania sales sank 12% to €326 million.
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