French retail giant Carrefour has reported consolidated sales of €20.8bn for the first quarter of 2013, representing a rise of 1.3 per cent at constant exchange rates and organic growth of 1.9 per cent.
However, due to the major depreciation of the Brazilian and Argentine currencies, the foreign exchange impact during the quarter was a negative 2.6 per cent, the company stated.
International sales increased by 3 per cent at constant exchange rates, with organic growth standing at 3.5 per cent. This rise was due to the continued positive performance in Latin America.
Sales in Asia remained stable, while European sales generally reflected the downturn in consumption on the market, the group revealed.
In France, sales fell by 0.7 per cent, with Carrefour describing the performance of its hypermarkets, supermarkets and convenience stores as 'resilient' given the economy and the unfavourable weather conditions.
