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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172

CARREFOUR

(CA)
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Carrefour : Supermarket group Carrefour to sell off Rue du Commerce online site

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11/08/2019 | 03:48am EST
A Carrefour logo is seen on a Carrefour Hypermarket store in Merignac near Bordeaux

French supermarket retailer Carrefour is in talks to sell its Rue du Commerce online shopping site to French e-commerce venture Shopinvest, as it refocuses its online sales strategy on food rather than electronics.

Carrefour said on Friday that it had received a firm offer from Shopinvest for Rue du Commerce. Carrefour, which bought the Rue du Commerce site back in 2015, did not disclose any financial details.

The group is in the midst of a five-year plan to cut costs, boost its e-commerce investments in food, and offer more organic products and own-brand labels to tackle competition from the likes of Amazon and domestic rival Leclerc.

(Reporting by Sudip Kar-Gupta; Editing by Jan Harvey)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 0.03% 1760.94 Delayed Quote.17.24%
CARREFOUR 0.88% 14.915 Real-time Quote.0.03%
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Financials (EUR)
Sales 2019 73 378 M
EBIT 2019 2 052 M
Net income 2019 428 M
Debt 2019 10 657 M
Yield 2019 3,40%
P/E ratio 2019 30,1x
P/E ratio 2020 12,9x
EV / Sales2019 0,31x
EV / Sales2020 0,25x
Capitalization 11 899 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 18,90  €
Last Close Price 14,92  €
Spread / Highest target 81,0%
Spread / Average Target 26,7%
Spread / Lowest Target -15,4%
EPS Revisions
Managers
NameTitle
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Director
Charles Edelstenne Independent Director
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