Carrefour SA Announces Q1 2008 Sales

Good Start to a Breakthrough Year; Sales inc. VAT + 10.5% on Constant Exchange Rates (+ 10.2% on Current Exchange Rates) PARIS--(Marketwire - May 13, 2008) - -- Strong momentum maintained from Q4 2007 -- Q1 continued the strong momentum of Q4 2007, recording the second consecutive quarter of double digit sales growth -- This growth reflects a positive customer response to our on-going multi format strategy to make the Carrefour brand work harder, as well as the opening of more new m2 through organic growth and tactical acquisitions -- Excluding acquisitions, group sales increased 6.8%, in line with our full year objectives -- Food, which represents 73% of group sales, grew well across all formats and all markets, compensating for a general weakness in non-food spending -- Sales trends resilient in France and robust in Spain -- France and Spain reported sales growth overall of 2.6% and 8.0% respectively. Food like for like sales were robust across all formats in both countries. -- Results from the trials of new format hypermarkets and Carrefour Market stores are very encouraging -- Strong performance by our growth markets -- Our growth markets in Europe, Asia and Latin America increased sales in Q1 by nearly 33%. All major markets contributed, with six countries reporting like for like sales in excess of 5%: Poland, Romania, Brazil, Argentina, Colombia and China -- Together, our growth markets accounted for 30% of group sales in Q1 versus 25% in the same period last year Q1 sales Total inc VAT Sales Like for Ex 2007 inc. VAT like. Expansion currency Currencies Total (mEUR) (mEUR) (%) (%) (%) (%) (%) PROFORMA -------- -------- ---------- ======== ----------- ----- -------- FRANCE 10 107 2.7 -0.1 2.6 0.0 2.6 9 852 -------- -------- ---------- ======== ----------- ----- -------- EUROPE ex Fce 8 571 2.2 6.2 8.4 0.4 8.8 7 874 -------- -------- ---------- ======== ----------- ----- -------- LATIN AMERICA 2 837 15.6 38.2 53.8 1.3 55.1 1 828 -------- -------- ---------- ======== ----------- ----- -------- ASIA 1 860 8.6 11.2 19.8 -8.1 11.7 1 655 -------- -------- ---------- ======== ----------- ----- -------- TOTAL 23 375 4.1 6.4 10.5 -0,3 10.2 21 219 -------- -------- ---------- ======== ----------- ----- -------- FRANCE Q1 sales up 2.6% Robust food sales offset a fall in non-food Sales inc Like for Expansion VAT (mEUR) like. (%) (%) Total (%) ------------ ------------ ------------ ------------ FRANCE 10 107 2.7 -0.1 2.6 ------------ ------------ ------------ ------------ Hypermarkets 5 322 0.7 0.5 1.2 ------------ ------------ ------------ ------------ Supermarkets 2 304 6.7 0.1 6.8 ------------ ------------ ------------ ------------ Hard discount 738 3.4 2.5 5.9 ------------ ------------ ------------ ------------ Others 1 743 3.8 -3.6 0.2 ------------ ------------ ------------ ------------ To view the full text of this press release, paste the following link into your web browser: www.carrefour.com/english/homepage/index.jsp Contact: Virginie Blin + 33 1 55 63 39 16