Including the impact of currencies, sales for 2002 were 76.8bn euros down from 78bn euros in the previous year. While at constant exchange rates, Carrefour said sales rose 4.5%.
Sales in France rose 1.8% and were up 6.9% in the rest of Europe. Asian sales increased 1.8%.
France accounted for 51% of total group sales up from 49% in 2001, the rest of Europe rose to 34.2% from 31.5%. Sales in the Americas dropped to 8.3% from 12.9% with Asian sales up to 6.5% from 6.3%.
Carrefour’s hypermarket format increased sales by 0.4% to 59.6%, supermarkets declined from 19.8% to 18.4%. Hard discount stores rose to 6.8%, while other store formats climbed from 14.6% to 15.2%.
Carrefour will report full 2002 results in March and maintained its forecast of earnings per share growth of 10% to 15%.