Carrefour shares fall on doubts – answers
true/false
- Carrefour is the world’s largest retailer. F: 2nd largest in the world, largest in Europe
- Sales have not been good recently. T: they have been weak
- Carrefour’s forecast figures for 2010 have been reduced. T: they have been trimmed
- Underlying operating profit is now judged to be 3.6 billion Euros. F: the revised figure for 2010 is 3 billion Euros (3.6 was the previous forecast)
- The reason for the change rests with Carrefour’s business in Brazil. T
- Carrefour is also concerned about weak sales in Europe. F: the analysts are concerned about this Carrefour is worried about business in the emerging markets
- European hypermarkets have recently undergone a revamp. F: this is planned, it will be a 3-year project
- Carrefour will double profits by 2015. F: this is their aim it isn’t guaranteed
- Investors have dismissed the plan. F: at first they welcomed the plan but they have concerns that it is too ambitious
- 60% of sales come from hypermarkets. T