Carrefour 2011 full-year sales: slight growth supported by emerging markets
Q4 2011 sales affected by lower discretionary spending
2011 Current Operating Income guidance confirmed

Full-year 2011 sales (inc. VAT) of €91.5bn, +0.5%* (+1.1% including petrol and at current exchange rates), supported by emerging markets
Q4 2011 sales (inc. VAT) of €24.2bn, -0.8%* due to a deteriorating environment that impacted non-food trading; food revenues generally resilient
France: Sales -2.4%* reflecting the initial impact of our action plan: intentionally lower but more targeted promotional activity while continuing to invest in consistently lower prices; continued outperformance of our smaller formats
Europe ex France: Sales -4.3%* with Belgian turnaround more than offset by slowdown in non-food in Southern Europe
Latin America: Sales +6.8%* driven by the confirmed hypermarket turnaround in Brazil and continued growth at Atacadao
Asia: Sales +2.8%* supported by expansion in China offsetting its lower non-food sales, growth in Indonesia and continued recovery in Taiwan

Carrefour Planet: 81 Carrefour Planet stores at year-end (31 converted in Q4) in line with August roll-out plan; 2012 roll-out being pragmatically reviewed country by country considering prevailing macroeconomic conditions and disciplined capex allocation
2011 Current Operating Income guidance confirmed and expected at the lower end of the range of between -15% and -20% vs 2010 ex-Dia
* at constant exchange rates, ex-petrol
Lars Olofsson, Président Directeur Général de Carrefour, a déclaré:
« Carrefour affiche une légère croissance de ses ventes en 2011 grâce aux marchés émergents, en dépit du ralentissement de la croissance économique qui a davantage affecté les dépenses discrétionnaires au 4ème trimestre. Dans cet environnement économique difficile, Carrefour concentre tous ses efforts sur l'exécution de son plan d'action en France et en Europe du sud, axé sur une politique constante de bas prix et des promotions mieux ciblées. Dans le même temps, tout en renforçant son attention sur une gestion efficace de ses ressources et de ses coûts, Carrefour continuera le déploiement de sa stratégie multi-canal, l'élargissement de son offre de produits à marque Carrefour et son expansion dans les marchés émergents. »