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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Atacadão S.A.    CRFB3   BRCRFBACNOR2

ATACADÃO S.A.

(CRFB3)
  Report
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 04/07
20.86 BRL   -1.93%
02/27Retailer Carrefour raises cost savings goal as 2019 core profits rise
RE
02/20Carrefour Brasil fourth-quarter net rises 6.3% on strong sales
RE
02/17ATACADÃO S.A. : annual earnings release
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Carrefour Brasil fourth-quarter net rises 6.3% on strong sales

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02/20/2020 | 07:12pm EDT
The logo of France-based food retailer Carrefour is seen on shopping trolleys in Sao Paulo

Brazilian food retailer Carrefour Brasil SA on Thursday reported a 6.3% increase in fourth-quarter net income year-on-year as strong sales continued to fuel growth.

In a securities filing, the company said its quarterly net profit rose to 735 mln reais.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.4% to 1.465 billion reais.

Revenues were stronger, with double-digit growth across both wholesale and retail segments.

In January, Carrefour said total sales rose 11.4% in the fourth-quarter, excluding gasoline, to 16.8 billion reais, out of which 11.855 billion reais came from its wholesale division known as Atacadao.

Carrefour Brasil, like the Brazilian unit of French rival Casino Guichard Perrachon SA, has been investing heavily in the wholesale format, which offers discounts to bargain-seeking Brazilians still recovering from a deep economic recession.

Currently, Carrefour Brasil has 187 wholesale stores across Brazil and plans to keep the expansion pace of its Atacadao unit at 20 new stores per year.

On Feb. 16, the retailer also announced a deal to buy 30 stores and 14 gas stations from smaller retailer Makro, owned by Netherlands-based SHV Holdings, for 1.95 billion reais ($450 million) in an extra push to boost wholesale business.

Carrefour Brasil's results come a day after rival GPA posted a 71% drop in quarterly net income, missing market expectations, after completing a costly reorganization.

(Reporting by Gabriela Mello; Editing by Tom Brown)

Stocks mentioned in the article
ChangeLast1st jan.
ATACADÃO S.A. -1.93% 20.86 End-of-day quote.-5.53%
CARREFOUR -1.57% 14.455 Real-time Quote.-1.74%
CASINO GUICHARD-PERRACHON 0.42% 35.85 Real-time Quote.-14.39%
EURO / BRAZILIAN REAL (EUR/BRL) -0.06% 5.5603 Delayed Quote.26.20%
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Latest news on ATACADÃO S.A.
02/27Retailer Carrefour raises cost savings goal as 2019 core profits rise
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02/20Carrefour Brasil fourth-quarter net rises 6.3% on strong sales
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Financials (BRL)
Sales 2020 67 358 M
EBIT 2020 3 973 M
Net income 2020 2 200 M
Finance 2020 2 915 M
Yield 2020 1,13%
P/E ratio 2020 19,0x
P/E ratio 2021 17,4x
EV / Sales2020 0,57x
EV / Sales2021 0,48x
Capitalization 41 385 M
Chart ATACADÃO S.A.
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Atacadão S.A. Technical Analysis Chart | CRFB3 | BRCRFBACNOR2 | MarketScreener
Technical analysis trends ATACADÃO S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 23,93  BRL
Last Close Price 20,85  BRL
Spread / Highest target 29,5%
Spread / Average Target 14,8%
Spread / Lowest Target -4,08%
EPS Revisions
Managers
NameTitle
Noël Frédéric Georges Prioux Chief Executive Officer & Director
Matthieu Dominique Marie Malige Chairman
Marco Aparecido de Oliveira Chief Financial Officer
Francis André Mauger Director
Jacques Dominique Ehrmann Director
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