Carrefour: Q1 2013 consolidated sales (inc. VAT): €20.8bn, up 1.3% at constant exchange rates

  Carrefour:Q1 2013 consolidated sales (inc. VAT): €20.8bn, up 1.3% at
  constant exchange rates

 Continued international growth, notably in Latin America, resilient sales in
                                    France

Business Wire

BOULOGNE-BILLANCOURT, France -- April 18, 2013

Regulatory News:

Carrefour (Paris:CA):

Q1 2013 consolidated sales: €20.8bn, up 1.3% at constant exchange rates, and
organic growth of +1.9%. The foreign exchange impact in the quarter was a
negative 2.6%, largely due to the significant depreciation of the Brazilian
and Argentine currencies.

  *France: Sales down 0.7%, with a negative calendar effect of 1.1%. All
    three formats, hypermarkets, supermarkets and convenience stores, posted a
    resilient performance in a challenging economic environment and despite
    unfavorable weather conditions.
  *International: Sales up 3.0% at constant exchange rates, and organic
    growth of +3.5%. Sales in the other European countries reflected the
    unfavorable consumption environment, with the notable exception of Belgium
    where sales continued to grow. Latin America continued to perform well and
    sales in Asia were stable.

First quarter 2013 sales inc. VAT^1

                                                                                               Change
                                                                                               at
                                                                                               current
                                 Change at constant exch.       Change at constant exch.       exch.
                          rates                       rates                       rates
                    €m           inc. petrol                    ex. petrol                     inc.
                                                                                               petrol

                                                                                               
                                 LFL    Organic   Total       Total  Organic   Total       Total
                                         growth^2                       growth^2
                                                                                   
France              9,285        -0.7%  -0.1%     -0.7%       -1.4%  -0.3%     -1.0%       -0.7%
International       11,548       +1.3%  +3.5%     +3.0%       +1.3%  +3.6%     +3.0%       -1.7%
Total Group         20,833       +0.4%  +1.9%     +1.3%       +0.2%  +2.0%     +1.4%       -1.3%

Total under banner sales (including sales by franchisees and international
partners) reached €24.3bn, an increase of 0.6% at constant exchange rates
(-1.6% at current exchange rates).

FRANCE

First quarter 2013 sales inc. VAT

                           Change inc. petrol
                                                   Change ex. petrol
                   €m      
                          LFL    Organic   Total       LFL    Organic   Total
                                   growth^3                       growth^3
                                                                 
Hypermarkets       5,065  -2.1%  -1.2%     -1.8%       -2.9%  -1.8%     -2.6%
Supermarkets       3,178  0.0%   +0.1%     -0.6%       -0.5%  +0.9%     0.0%
Convenience
and other          1,042  +4.9%  +4.6%     +4.6%       +3.6%  +3.6%     +3.6%
formats
France             9,285  -0.7%  -0.1%     -0.7%       -1,4%  -0.3%     -1.0%

Organic sales in France were stable in the first quarter, impacted by a
negative calendar effect estimated at -1.1% over the quarter and by
unfavorable weather conditions. Petrol sales had a positive 0.3% contribution
to sales.

Organic sales in Hypermarkets were down 1.2% (-1.8% excluding petrol) with a
negative calendar effect estimated at -1.4%. Food sales continued to grow over
the quarter.

Organic sales at Supermarkets were flat (+0.1%) and up 0.9% excluding petrol.
Sales to our franchisees continued to grow this quarter.

Convenience and other formats posted organic sales growth of 4.6%.

INTERNATIONAL

First quarter 2013 sales inc. VAT^4

                                                                                                   Change
                                                                                                   at
                                 Change                           Change                           current
                                                                                                   exch.
                          at constant exch. rates       at constant exch. rates       rates
                    €m                                                                             inc.
                                 inc. petrol                      ex. petrol                       petrol

                                                                                                   
                                 LFL     Organic   Total        LFL     Organic   Total        Total
                                          growth^5                         growth^5
                                                                                       
Other
European            5,458        -3.8%   -2.6%     -3.6%        -3.8%   -2.4%     -3.6%        -3.5%
countries
Latin America       3,968        +11.3%   +14.0%     +13.9%       +11.2%   +14.0%     +14.0%       -0.2%
Asia                2,122        -3.9%   +0.1%     +0.1%        -3.9%   +0.1%     +0.1%        +0.3%
International       11,548       +1.3%   +3.5%     +3.0%        +1.3%   +3.6%     +3.0%        -1.7%

International organic sales were up 3.5%, with consumption under persistent
pressure in Europe, a good performance in Latin America and stable sales in
Asia.

Other European countries

Organic sales were down 2.6% in Europe, with a calendar effect estimated at
-0.7% in the first quarter. Foreign exchange impacts were broadly neutral.

Belgium continued to record solid sales growth (organic growth of 3.6%, +3.1
LFL). The environment throughout Europe is unfavorable to consumption: organic
sales were down 5.1% in Spain (-5.8% LFL) and 5.7% in Italy (-6.5% LFL).

Latin America

Sales were up 13.9% at constant exchange rates in Latin America, with organic
growth of 14.0%. The calendar effect was estimated at a negative 0.5%. The
negative impact of currencies accelerated this quarter and reached

-14.1% due to the depreciation of the Brazilian Real and Argentine Peso
against the euro.

Strong sales growth continued in Brazil in all formats, with organic growth of
13.3% (+10.6% LFL). Sales in Argentina rose 23.0% at constant exchange rates,
of which 16.5% was organic growth. A price freeze has been in place in the
country for the last two months and has been extended into the second quarter
of 2013.

Asia

Organic sales in Asia were broadly stable, with a positive calendar effect
estimated at 0.8%.

In China, expansion continued and organic sales were up 2.4% (-2.3% LFL). In
Taiwan, the current low level of consumer confidence resulted in a drop in
sales this quarter.

EXPANSION UNDER BANNERS – Q1 2013

In Q1 2013, we opened or acquired 102,000 gross m². Net of disposals or
closures, the network added 19,000 m².

Thousands   31           Openings /                    Closures/                                31
of m²      Dec.      Store         Acquisitions  Store       Transfers  Disposals    Mar.
            2012         enlargements                  reductions                               2013
                                                                              
France     5,075     6             4             -4                    -21          5,060
Europe     5,629     46                         -53                               5,621
(ex. Fr)
Latin      2,045     10                                                          2,054
America
Asia       2,592     14                                    -2                     2,604
Others ^6  608       23                                                          631
Group      15,949    98            4             -58         -2         -21          15,970

STORE NETWORK UNDER BANNERS – Q1 2013

In Q1 2013, Carrefour opened or acquired 144 stores. Net of disposals and
closures, the network grew by 42 stores.

                                                                                
               31                                                                           31
No of stores  Dec.     Openings  Acquisitions  Closures  Transfers  Disposals    Mar.
               2012                                                                         2013
                                                                          
Hypermarkets  1,366    4                      -5        8                      1,373
France        232                                                           232
Europe (ex.   457      1                      -5        8                      461
Fr)
Latin         272      1                                                     273
America
Asia          350      2                                                     352
Others ^6     55                                                            55
                                                                          
Supermarkets  3,454    13        2             -11       -9         -12          3,437
France        964      1         2             -1                  -12          954
Europe (ex.   2,176    7                      -9        -8                     2,166
Fr)
Latin         168                                                           168
America
Asia          16                                      -1                     15
Others ^6     130      5                      -1                              134
                                                                          
Convenience   5,010    116                    -73                             5,053
France        3,405    30                     -29                             3,406
Europe (ex.   1,370    64                     -43                             1,391
Fr)
Latin         235      22                     -1                              256
America
Asia          0                                                             0
Others ^6     0                                                             0
                                                                          
Cash & carry  164      9                                                     173
France        140                                                           140
Europe (ex.   14       6                                                     20
Fr)
Asia          4                                                             4
Others ^6     6        3                                                     9
                                                                          
Group         9,994    142       2             -89       -1         -12          10,036
France        4,741    31        2             -30                 -12          4,732
Europe (ex.   4,017    78                     -57                             4,038
Fr)
Latin         675      23                     -1                              697
America
Asia          370      2                               -1                     371
Others ^6     191      8                      -1                              198
                                                                                                   

                                    AGENDA
                April 23, 2013: General Shareholders’ Assembly
                         July 18, 2013: Q2 2013 sales

^1 Variations are pro-forma with activities in Greece, Singapore, Colombia,
Malaysia and Indonesia reclassified as Discontinued Activities as of Jan. 1,
2012 in accordance with IFRS 5.

^2 LFL sales and store openings.

^3 LFL sales and store openings.

^4 Variations are pro-forma with activities in Greece, Singapore, Colombia,
Malaysia and Indonesia reclassified as Discontinued Activities as of Jan. 1,
2012 in accordance with IFRS 5.

^5 LFL sales and store openings.

^6 Maghreb, Middle East and Dominican Republic.

Contact:

Carrefour
Investor Relations:
Réginald Gillet or Alessandra Girolami or Matthew Mellin, +33 (0)1 41 04 26 00
or
Shareholder relations:
Céline Blandineau, Toll free : +33 (0)8 05 90 29 02
or
Group Communications, +33 (0)1 41 04 26 17