Carrefour (WBO:CARR)
€ 14.735 -0.24 (-1.6%) Market Cap: 9.54 Bil Enterprise Value: 19.91 Bil PE Ratio: 12.63 PB Ratio: 0.93 GF Score: 71/100

Q3 2021 Carrefour SA Corporate Sales Call Transcript

Oct 20, 2021 / 04:15PM GMT
Release Date Price: €15.16 (+0.70%)
Operator

Ladies and gentlemen, welcome to the Carrefour Analyst Conference Call. I now hand over to Mr. Matthieu Malige, Chief Financial Officer. Sir, please go ahead.

Matthieu Malige
Carrefour SA - CFO

Good afternoon, everyone. And thanks for being with us on this third quarter 2021 sales conference call. Overall, Carrefour posted another quarter of growth at group level on top of a very strong performance last year and continue to gain market share in its main countries.

Over a 2-year period, our like-for-like growth remained at a high level, confirming the solidity of our trajectory. It confirms once again our ability to generate structural growth, thanks to our customer-centric approach and impactful strategic initiatives. This is notably the case in digital with strong momentum in e-commerce. This allows us to confirm today that we expect net free cash flow for the full year 2021 to be comfortably above EUR 1 billion as guided in July.

Let's start with the global view on Slide 2 of the presentation. Like-for-like sales were up 0.8% in Q3, which

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