Executive Summary

• Carrefour reported FY16 sales growth of 3.3% at constant currency to €85.7 billion including VAT ex fuel (down 0.7% in reported currency, including fuel).
• In France, Carrefour’s largest market, FY16 sales fell by 0.5% ex fuel. At constant currency, sales in Asia fell 4.1%, sales in Latin America grew 16.8% and sales in other European countries rose 2.3%.
• Carrefour said that its omnichannel strategy in France and good momentum in global food sales contributed to its performance in the year.