In France, Carrefour sales rose 2.3% to EUR10.3 billion, while international sales increased 2.2% to EUR11.3 billion, according to Carrefour’s financial report released Friday.
Carrfeour said it has witnessed accelerating organic growth in Europe, notably in Spain and Italy, due to the modernization of the store networks and the development of online services.
Sales growth in Belgium was beyond expectations while sales in Romania rose sharply following the VAT rate cut for food items.
“LFL sales (sales generated by stores opened for at least twelve months) grew strongly in Romania, boosted by the favorable impact on volumes of the strong drop in the VAT rate on food beginning June 1,” Carrefour said.
In January-September, Carrefour sales rose 4.1% to EUR63.8 billion. In France, sales rose 2.8%, to EUR30 billion, while international sales rose 5.2% to EUR34 billion.
Carrefour Chief Financial Officer Pierre-Jean Sivignon told reported on Friday that Europe became a growth engine for Carrefour.