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    CA   FR0000120172

CARREFOUR

(CA)
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Real-time Quote. Real-time Euronext Paris - 10/15 11:35:06 am
15.495 EUR   +1.01%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Carrefour : franchisee acquires Shoprite's six stores in Uganda

09/15/2021 | 09:29am EDT
FILE PHOTO: Shoprite store sign is pictured in Abuja

KAMPALA (Reuters) - Majid Al Futtaim, a Carrefour franchise holder, has reached a deal to take over six stores in Uganda from South African retailer Shoprite, it said on Wednesday.

Shoprite said last month it would shut down operations in Uganda and Madagascar after currency devaluations, lower commodity prices and high inflation hit household incomes and weighed on earnings.

Majid Al Futtaim, which is a United Arab Emirates-based mall developer that holds Carrefour franchise rights in dozens of countries, said it had signed an agreement with Shoprite to take the Ugandan stores by the end of this year. It did not disclose the value of the deal.

Carrefour entered the Ugandan market in 2019 and currently operates two stores. Shoprite has been in Uganda since 2000.

Over the last several years, Uganda's retail sector has seen a steady exodus of foreign businesses, mostly from South Africa, on the back of slowing economic growth, exacerbated by the effects of COVID-19.

Majid Al Futtaim's two Carrefour-branded stores in Uganda compete mostly with local retail chains, including Capital Shoppers, which has multiple outlets in the capital Kampala.

It has grown more rapidly in neighbouring Kenya, where it has become among the top two retailers since starting operations in 2016, thanks to the failure of home-grown chains like Nakumatt, which collapsed in 2017.

(Reporting by Elias Biryabarema; Editing by Duncan Miriri and Mark Potter)


ę Reuters 2021
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Analyst Recommendations on CARREFOUR
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Financials
Sales 2021 71 998 M 83 485 M 83 485 M
Net income 2021 1 071 M 1 242 M 1 242 M
Net Debt 2021 7 726 M 8 959 M 8 959 M
P/E ratio 2021 10,8x
Yield 2021 3,58%
Capitalization 12 090 M 14 026 M 14 019 M
EV / Sales 2021 0,28x
EV / Sales 2022 0,25x
Nbr of Employees 255 952
Free-Float 73,6%
Chart CARREFOUR
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | MarketScreener
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 15,34 €
Average target price 19,38 €
Spread / Average Target 26,3%
EPS Revisions
Managers and Directors
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Miguel ┴ngel Gonzßlez Gisbert Global Chief Technology Officer
Charles Edelstenne Independent Director
Mathilde Lemoine Independent Director
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