Q3 2012 sales (inc. VAT): +2.1% to €22.6 bn
Continued growth in emerging markets, notably Latin America, better quarter in France
9-month 2012 sales (inc. VAT) up 1.3% to €66.3 bn
Q3 2012 sales: €22.6 bn, +2.1%, driven notably by Latin America. The quarter showed an improvement in France, but Southern Europe remained difficult.
- France: Sales up 1.2%, supported by improving sales trends in hypermarkets and supermarkets and by petrol sales.
Sales at convenience formats continued to grow strongly. Drive openings continued, with 164 outlets at the end of September (39 openings in the quarter).
- Europe (excl. France): Sales down 2.2%, impacted by continued pressure on consumption in Southern Europe. Sales in Belgium grew again this quarter.
- Latin America: Sales up 5.2% (+12.8% at constant exchange rates), accelerating growth in Brazil.
- Asia: Sales growth of 12.3% (+1.1% at constant exchange rates), broadly in line with the previous quarter. In China, expansion offset the slowdown in consumption. Taiwan and Indonesia continued their solid growth.
9-month 2012 sales: €66.3 bn, +1.3%, supported by emerging markets, notably Latin America, whose sales grew by 5.3% (+9.9% at constant exchange rates).
Source: Argentine Beef Packers S.A.
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