HALISTER: Carrefour 2015 Recurring Oper. Income In Line, Div. Misses

Carrefour 2015 Recurring Oper. Income In Line, Div. Misses

(Bloomberg) -- Carrefour 2015 recurring oper. income EU2.45b, est. EU2.45b.
  • Div. EU70c, BDVD forecast EU74c
  • France recurring oper inc. down 6.4% current FX to EU1.19b
  • Other Europe recurring oper. inc. up 33% current FX to EU567m
  • Emerging mkts recurring oper. inc. down 5.2% current FX to EU718m
  • 2015 adjusted net income, Group share EU1.11b, est. EU1.15b
  • 2015 net sales up 3% at current FX to EU76.9b
  • Net debt reduced by EU408m to EU4.5b
  • FCF EU687m vs EU306m in 2014
  • 2016 outlook: Total investments of between EU2.5b and EU2.6b, constant focus on FCF generation, maintain BBB+ rating
  • NOTE: Reported 2015 sales including VAT EU86.3b on Jan. 15
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Alert: HALISTER
Source: BFW (Bloomberg First Word)

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