Carrefour   Q4 and FY 2011  gross gross revenue    January 19th 2012     pigment highlights  Full?year 2011:  urbane growth in gross revenue,  back up by emerging   prov ratiocinationer markets continue recovery in Belgium, Brazil and Taiwan Emerging market growth  back up by  amplification Action  conception launched in France to  come up to hypermarket underperformance Q4: Sales affected by  tear down discretional spending Resilience in food Non?food wedged by a generally tougher trading  milieu 2011  legitimate Operating Income guidance confirmed at the  discredit end of range    2    Slight growth in FY 2011 sales,  back up by  emerging markets  FY 2011 reported sales of â¬91.5bn, +1.1% (at  period  transpose rates, including petrol) Ex?petrol:  ?0.6% LFL +0.5%, including +1.1% from expansion ?0.1%, including ?0.6% from forex     interpolate in FY 2011 % sales, ex?petrol  +0.5%  10   0.0 (0.6)  100.5 (0.6)     ?0.6%  99.4    1.1    ?0.1%  99.9    FY 2010    LFL    FY 2011 LFL    Expansion    FY 2011    Forex    FY 2011  3    Q4 sales affected by lower discretionary spending  Reported Q4 sales of â¬24.2bn, ?1.0% (at current exchange rates, including petrol)  Ex?petrol:  ?1.9% LFL (?2.3% adjusted for calendar) ?1.2%, including +1.1% from expansion ?2.5%, including ?1.3% from forex     adjustment in Q4 2011 % sales, ex?petrol  100.0 (1.9)     ?1.2% ?2.3%  (0.4)  97.7 1.1 98.8 (1.3)     ?2.5%  97.5    Q4 2010    LFL    calendar adj.

    Q4 2011 Expansion Q4 201   1 LFL adj. adj.    Forex    Q4 2011    4  !     France: continue execution of our Action Plan  (Reset) in Q4  Change in Q4 2011 % sales, ex?petrol  100.0 100.0 (2.8)  0.1 (1.6)     Change in FY 2011 % sales, ex?petrol    ?2.7%  97.3    ?2.3%  0.4 97.7    ?1.2% ?1.6%  98.4 0.4 98.8    Q4 2010    LFL    Calendar adj.    Q4 2011 LFL adj.    Expansion    Q4 2011 adj.    FY 2010    LFL    FY 2011 LFL    Expansion    FY 2011    initial effects of our action plan launched in  high-minded LFL sales ex?petrol and calendar in Q4 ?2.7% and ?2.3% including the positive  dissemble of expansion, ...If you want to get a full essay,  tack it on our website: 
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